Thread: What To Do...
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Old 09-06-2012, 12:05 PM   #21
jadewbj
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My advice would be to exercise a little patience and try to sell your car outright yourself. A trade in will lose you thousands almost every time. Even if a dealer "helps you out" and give you more for your trade they are most likely tacking it into the loan, or keeping rebates or upping your price or interest. I used to sell cars so I know a bit about the subject.

KBB has your car (is it a LE) at around 13k private party sale value. It is 11k for trade in.

I always advise friends and family to avoid rolling negative equity into loans, it starts a snowball and you eventually end up having BMW size payments on a Hyundai.

A little patience and you can have the car you want, with a payment that is reasonable and have some change left in you pocket for mods.
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