trading my new car for a newer car?

Question

i had just gotten a scion xb 2006 in october and i want to trade it in for the new scion xb 2008.when I purchased my car it was 16,851 because of stuff i added to the car. The new scion is around 16,500. I have only paid off 2,000 on the car. what would i need to do to get the new scion.

Answer 1

Favorite Answer

A lot of it has to do with the mileage you have put on the vehicle since the purchase date. Are you buying or leasing your current vehicle? It sounds to me that you are upside down in your loan (owe more than the car is worth) So you may have to hold off a little while and pay down on your car and see what happens then. I would call a professional and see what they can do for you. Good luck!

Answer 2

you can try to sell back to the dealer, but you will loose money. best bet wait and pay it off.