Comments on: Trading in two new cars for one new or used car? http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/ Questions, Answers and Info about New Cars Wed, 08 Sep 2010 02:19:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Automotive Expert http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/comment-page-1/#comment-647 Automotive Expert Sun, 18 Dec 2005 13:39:07 +0000 http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/#comment-647 You definitely want to avoid being $12k upside down on a vehicle. It will take you a long time to get out from that. Sell the Kia on your own and keep the Mazda. Can you transfer the Kia deal to your ex? You definitely want to avoid being $12k upside down on a vehicle. It will take you a long time to get out from that.

Sell the Kia on your own and keep the Mazda. Can you transfer the Kia deal to your ex?

]]> By: fire4511 http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/comment-page-1/#comment-646 fire4511 Thu, 15 Dec 2005 09:13:48 +0000 http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/#comment-646 You are in a very bad situation here. You will have to somehow make up the difference in the value of one of the cars and the payoff to get out of the payments! You are in a better situation with the Mazda than the Kia, because you are less upside down in it, but you will still need to find a way to pay the balance off on one of the cars and sell it. You may check with your bank or credit union to see if they will give you a personal loan, or you might see if you can borrow from your 401k account at work, if you have one. There is no easy way out of your situation. If you sell the Mazda, and take out a personal loan for the difference you will most likely have a lower total payment than if you were to sell the Kia. If you were to trade both in, and were able to get a loan for a $12,000 upside down deal, you still would have a killer payment, most likely close to what you are paying on two cars now. Sorry to be the bearer of bad news! You are in a very bad situation here. You will have to somehow make up the difference in the value of one of the cars and the payoff to get out of the payments! You are in a better situation with the Mazda than the Kia, because you are less upside down in it, but you will still need to find a way to pay the balance off on one of the cars and sell it.

You may check with your bank or credit union to see if they will give you a personal loan, or you might see if you can borrow from your 401k account at work, if you have one.

There is no easy way out of your situation. If you sell the Mazda, and take out a personal loan for the difference you will most likely have a lower total payment than if you were to sell the Kia.

If you were to trade both in, and were able to get a loan for a $12,000 upside down deal, you still would have a killer payment, most likely close to what you are paying on two cars now.

Sorry to be the bearer of bad news!

]]> By: shelmustang http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/comment-page-1/#comment-645 shelmustang Mon, 12 Dec 2005 20:31:25 +0000 http://newcarblog.net/buying-selling/trading-in-two-new-cars-for-one-new-or-used-car/#comment-645 if i was u i would sell it myself that way u get more than book value on her car.and sell ur car like that also then go get u one after paying them off with the extra money save for down payment or insurance. if i was u i would sell it myself that way u get more than book value on her car.and sell ur car like that also then go get u one after paying them off with the extra money save for down payment or insurance.

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