Can I exchange my 2 year old car for a newer car? - Mustang Evolution

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Old 04-08-2010, 02:15 PM   #1
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Can I exchange my 2 year old car for a newer car?

I have a 2007 Toyota Yaris. I have absolutley no problems with it. I love it. But I was just thinking of getting a Newer (2010) car. Do you think I can exchange it for like a Prius or Maybe get another car from another dealer (for example: Ford Mustang)? How much do you think my 2 year old car is worth? My car still looks brand new and its for the most part very clean inside. Do you recomend exchanging my car?
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Old 04-08-2010, 03:12 PM   #2
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Can I exchange my 2 year old car for a newer car?

Sure you can trade it in but you will lose too much money in my opinion. Most of the value of a car is lost in the first year.
Actually in the first minute you drive it off the lot.
If you can afford it though, go for it.

russ
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Old 04-08-2010, 03:19 PM   #3
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Can I exchange my 2 year old car for a newer car?

Sure you can trade your car for a new car. However...........do you still have a loan on the old car? How much do you still owe? How much is your old car actually worth as a trade (check www.kbb.com)?

If you still owe more than your car is worth, you are "upside down" which means you have nothing to trade. If the difference is small, dealers can sometimes juggle the numbers such that the difference is rolled over into a new loan. But if the difference amount is large, they can't. Unless you can come up with cash for the difference, you won't be able to trade.

If your old car is paid off, or nearly paid off, or if you owe less than the car is worth, then you should have no problems.
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Old 04-08-2010, 03:55 PM   #4
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Can I exchange my 2 year old car for a newer car?

It's really up to you because you will be the one driving the car and making payments towards the car and you are gonna have to put down money towards the new car for your trade in....If i had the money and the opportunity i would trade in my gas drinker immediate
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Old 04-08-2010, 04:52 PM   #5
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Can I exchange my 2 year old car for a newer car?

sell that japanese hunk of **** and buy an american car.

you will be happy you did.
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