i got aye 2000 accord lx and i owe bout 8,000 and i wanna trade it in at long beach for an integra for 6,200 what happens next?

 

You need to talk to your bank.

 

If it's a dealership they will give you a trade in value. Lets say they give you 10k for the car. 8k will go to the bank. 2k will be taken off the price of the teg.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by stinker504 &raquo;</TD></TR><TR><TD CLASS="quote">If it's a dealership they will give you a trade in value. Lets say they give you 10k for the car. 8k will go to the bank. 2k will be taken off the price of the teg.</TD></TR></TABLE>

yup i work at a credit union and deal with this everyday ^^^ thats how it works

 

I am about to buy another car, but im dreading trying to trade in my accord, i wont get **** for it and it has like 8 grand invested into it above the price of the car itself. Oh well. I think i might part it out.

 

If you owe more money then the trade in value either wait for a deal that will pay off any trade in or buy a cheaper car and add the debt to the new ride.

 

Ohhh, and if you want to do the zero trade in wait till after you negotiate the final price! So they don't just add on to your price tag.