Notices
Evo X General Discuss any generalized technical Evo X related topics that may not fit into the other forums.
Sponsored by:
Sponsored by: CARiD

Trading in financed Ralliart for Evo

Thread Tools
 
Search this Thread
 
Old Oct 7, 2015 | 01:34 PM
  #1  
ruski_eh's Avatar
Thread Starter
Newbie
 
Joined: Oct 2015
Posts: 15
Likes: 0
From: Toronto
Trading in financed Ralliart for Evo

So I financed a 2014 used Ralliart first week of July 2015 with 5000 down (canadian).
As you guessed by the title - i'm very inclined up upgrade to a 2015 GSR evo (or even 2015 final edition).

How far up my *** is the dealership going to f**k me with trade in value considering I owe quite a bit on the 14 ralliart.

Any suggestions of what to do if i'm looking to upgrade? - or should I shut myself up and enjoy my ralliart for the next few years.
Reply
Old Oct 7, 2015 | 01:40 PM
  #2  
Spazpilot's Avatar
Evolved Member
iTrader: (4)
 
Joined: Jan 2007
Posts: 570
Likes: 3
From: Carrollton, Texas
With 5K down you really shouldn't be that upside down unless you overpaid for your Ralliart or have a terrible interest rate. I would say they should give you payoff if you purchased the Ralliart right.
Reply
Old Oct 7, 2015 | 02:06 PM
  #3  
AngryEvo's Avatar
Evolving Member
 
Joined: Jul 2015
Posts: 295
Likes: 5
From: Florida
You will always lose the tax difference and the depreciation. Probably lose about 4-8 grand I would think, maybe more. Always better to keep it but happiness is priceless and the evo is worth every cent.
Run the numbers man.
Reply
Old Oct 8, 2015 | 04:23 AM
  #4  
boyvang's Avatar
Newbie
 
Joined: Mar 2015
Posts: 53
Likes: 0
From: Saint Paul, MN
Depending on how much they rate your car. You down 5k so it should be less then that value of the car. If they give you more than what you still own, whatever the difference is minus off the new evo you plan to buy. If they give you less then what you owed, the differences is add to the new evo.

I've done it with my highlander. I down 5k also so when I had to trade my old into a awd highlander, they rate my old at 23k and I only have 18k left so 5k is minus from my new car. You will still have to pay for taxes on the new car.

I'm not exactly sure in Canada though, but this was done in the US.
Reply
Old Oct 8, 2015 | 04:55 AM
  #5  
jayt27's Avatar
Evolving Member
 
Joined: Nov 2010
Posts: 124
Likes: 0
From: MD
You've only had your ralliart for about 3 months. Give yourself at least a year with it. You might feel different and not want an Evo afterwards.
Reply
Old Oct 8, 2015 | 06:56 AM
  #6  
ruski_eh's Avatar
Thread Starter
Newbie
 
Joined: Oct 2015
Posts: 15
Likes: 0
From: Toronto
Originally Posted by jayt27
You've only had your ralliart for about 3 months. Give yourself at least a year with it. You might feel different and not want an Evo afterwards.
I bit the bullet and put money down on a final edition last night at my local dealer.
Reply
Old Oct 8, 2015 | 07:00 AM
  #7  
MisterRegato's Avatar
Evolving Member
iTrader: (4)
 
Joined: Mar 2015
Posts: 480
Likes: 4
From: PA
Originally Posted by ruski_eh
I bit the bullet and put money down on a final edition last night at my local dealer.
OMGOMGOMGGOMGOMGOMGOMG
Reply
Old Oct 8, 2015 | 07:21 AM
  #8  
ruski_eh's Avatar
Thread Starter
Newbie
 
Joined: Oct 2015
Posts: 15
Likes: 0
From: Toronto
Originally Posted by MisterRegato
OMGOMGOMGGOMGOMGOMGOMG
Counting down the days.... they said it's going to arrive shipped from Japan straight to my dealership as a direct order. (Carried in on a truck)
Reply
Old Oct 8, 2015 | 07:31 AM
  #9  
MisterRegato's Avatar
Evolving Member
iTrader: (4)
 
Joined: Mar 2015
Posts: 480
Likes: 4
From: PA
duddeeeeee im jealous
Reply
Old Oct 8, 2015 | 07:47 AM
  #10  
evostanman's Avatar
Evolving Member
 
Joined: Mar 2014
Posts: 290
Likes: 15
From: Earth
Originally Posted by ruski_eh
I bit the bullet and put money down on a final edition last night at my local dealer.
*** it, YOLO! lol
Reply
Old Oct 8, 2015 | 08:30 AM
  #11  
chronozon's Avatar
Evolving Member
iTrader: (1)
 
Joined: May 2005
Posts: 194
Likes: 0
From: Florida
Congratz on getting the final edition but have you already signed the paper with the dealership about the trade in? If not then do consider selling it privately, depends on the condition of the car you can get quite a few thousand more out of it.
Reply
Old Oct 8, 2015 | 02:45 PM
  #12  
AngryEvo's Avatar
Evolving Member
 
Joined: Jul 2015
Posts: 295
Likes: 5
From: Florida
How much did you lose on the swap? It had to be a ton. Just money right?
Reply
Old Oct 8, 2015 | 03:10 PM
  #13  
ruski_eh's Avatar
Thread Starter
Newbie
 
Joined: Oct 2015
Posts: 15
Likes: 0
From: Toronto
Originally Posted by AngryEvo
How much did you lose on the swap? It had to be a ton. Just money right?
About 7k canadian over the next 6 years.
Reply
Old Oct 8, 2015 | 03:54 PM
  #14  
AngryEvo's Avatar
Evolving Member
 
Joined: Jul 2015
Posts: 295
Likes: 5
From: Florida
I've done worse lol. You will love the evo. Congrats
Reply
Old Oct 9, 2015 | 04:39 PM
  #15  
Viegasjuice's Avatar
Evolved Member
iTrader: (1)
 
Joined: Jan 2013
Posts: 1,358
Likes: 0
From: Northern virginia
Congrats man! What color
Reply



All times are GMT -7. The time now is 09:00 PM.