Questions about trading in my car

[Rich Spirit]

Ok so currently i have a 09 Acura TSX with 62K miles and want to trade it in for a 2011 Charger R/T w/24K miles that they're selling for $28,944.

Right now I owe around $14,400 on my for the TSX. When i went to the dealership today, they appraised my car for only $14,000. Now i know that i'll be upside since i'll have a -$400 difference, but I'm sure i can pay that $400 difference so that I won't be upside down and that they wont put that $400 into the new car.

My question is would this be a good idea for me to do right now? or should i just hold on to what I have.

 

[ThugLife]

Lol @ taking out loans

 

[analog]

Ok so currently i have a 09 Acura TSX with 62K miles and want to trade it in for a 2011 Charger R/T w/24K miles that they're selling for $28,944.

Right now I owe around $14,400 on my for the TSX. When i went to the dealership today, they appraised my car for only $14,000. Now i know that i'll be upside since i'll have a -$400 difference, but I'm sure i can pay that $400 difference so that I won't be upside down and that they wont put that $400 into the new car.

My question is would this be a good idea for me to do right now? or should i just hold on to what I have.

Keep your TSX, pay it off and run it into the ground all the while saving money so you can purchase your next vehicle with cash.

 

[Brooklynzson]

Tsx is a much better car than that charger Acura's holds waaaaaaay more value than that charger will. Acura, Infiniti and Audi are the top three luxury brands for residual (or resale) value for 2013. Chargers have garbage resale value, you'd be upside down for way more than $400 in no time

 

[Ricky Church]

well I see the point in wanting to switch into a Man's car, but why put yourself out there with more unnecessary expenses?

 

[Card Holder]

don't ever trade your car in, look on craigslist and autotrader and see how much cars like yours (miles/condition) are going for and price yours accordingly. pretty sure you could get closer to 18k for your car privately. dealership will always try to rape you and barely give you anything over what you owe on the car.

why do you wanna get rid of the tsx? thats a good reliable car.

charger r/t

 

[88m3]

that sounds sketchy/risky as fukk op


try selling your car privately, pay the loan off then buy whatever. american cars are stupid

 

[AlwaysLurkin]

RT>>>TSX

Those usually hold their value

 

[Card Holder]

that sounds sketchy/risky as fukk op


try selling your car privately, pay the loan off then buy whatever. american cars are stupid

 

[Mr210]

I never understood why people trade in their cars before its fully paid off

 

[Card Holder]

I never understood why people trade in their cars before its fully paid off

i don't either, you will almost always get more selling it privately. i guess some folks don't know how to sell their cars or own cars with no resale value and don't want the hassle so if the dealership pays off their current loan then they're happy.

 

[ThumpDaddy]

I would try not to trade the car in. Like someone said above you will "never" ever get what your car is really worth. They may say they will give you $14k, but if you go ahead with that trade, they are going to turn around and sale your car for $18k-$19k easy. I would say to keep the car and pay it off and enjoy not having a note. But if you are dead set on selling it, then this is what I would do.

I would sell it privately. I would take it to a good detail shop and get everything taken car of. I mean have everything taken care of. Then take some good pictures and post. What would be even better is if you didn't even drive your car. That way you wouldn't be adding miles to it and if you could keep the car covered it wouldn't get dirty and when someone came to look at it, it would still be clean. Just by getting it detailed could get you an extra $1k on the selling price.

 

[HookersandIceCream]

2011 charger is going backwards imo
Not the TSX is an not an amazing but overall better value.
The 2011 chargers are meh unless you get the RT versions

 

[King Sun]

Tsx is a much better car than that charger Acura's holds waaaaaaay more value than that charger will. Acura, Infiniti and Audi are the top three luxury brands for residual (or resale) value for 2013. Chargers have garbage resale value, you'd be upside down for way more than $400 in no time

 

[BlvdBrawler]

Here's what you do.

1. Don't trade your car in. Like others have said, you're basically leaving money on the table.

2. If you really want the Charger (I agree with the masses TSX > Charger but it's your call) then you should go private party with both the sale and purchase.

3. By selling your car privately, you will get it's actual value. In addition, by purchasing a car privately, you won't have to pay dealer markups, doc fees, and most importantly sales tax. Between the two, you will likely save yourself $5k overall.

Good luck bre.