LOTL

iTrader: (1)

i dont mind puttin up to 4,000 down thats probaly the most, so your saying im gonna be financing around 24k and thats not having to worry about my old car or is it 24k plus what i owe on my car?

dizzigital

iTrader: (5)

what's the selling price of the GT?

LOTL

iTrader: (1)

19k without taxes

dizzigital

iTrader: (5)

sounds about right... 24k or so. i'd get a warranty if i were you. i see you're going to mod it, but i'd still get one. at least a bumper to bumper warranty. if you do end up getting a warranty, maybe 25. not sure what tax and license is over there, but that sounds reasonable.

LOTL

iTrader: (1)

so it would be 25k and not makin any payments on my car? or financing 25k plus what i owe on my car i still dont understand that part

dizzigital

iTrader: (5)

you also might be able to get a little bit more for your trade, or get their car for a little bit less. since you're getting a warranty and financing through them, be like, "come on, i'm buying the warranty and financing through you, sell me your car for 17"... something like that, you should be able to get it less than 19. how much less for their car and how much more your car is up to you.

dizzigital

iTrader: (5)

no.. 25 is what u should be making pymts on, if our calculations are correct

LOTL

iTrader: (1)

ok lets say i get 8k for my trade in value and they sell me there car for 18k but i owe 11k on my car then what?

dizzigital

iTrader: (5)

then 18+3 = 21

$21,000 + warranty (if applicable) + tax and license = total amount financed

you make payments on the total amount financed.

LOTL

iTrader: (1)

damn thats not bad then if it comes out to like 23k i'll just put down 4k and i'll be financing 19k and me financing that total amount financed has nothing to do with me makin any other payments to the other car right?

dizzigital

iTrader: (5)

correctamundo, they're going to pay-off your trade. you won't have to worry anymore about it once u drive off in the GT.

LOTL

iTrader: (1)

thanx alot dizzigital i apperciate the help

dizzigital

iTrader: (5)

no problemo, seniorito.

LOTL

iTrader: (1)

so what if i wait till what i owe is the same amount of what the car is worth? then i'll just be financing the new car by itself?

dizzigital

iTrader: (5)

it's not gonna happen with your car, just trade it in now. you'd have to make payments for years before it gets to 7 grand, but by that time it won't be worth 7 grand.

the only way that could happen is if you put lots down at the beginning of a purchase or buy it for dirt cheap.