Trading in financed Ralliart for Evo
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.
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.
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.
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.
Run the numbers man.
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.
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.
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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.


