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Old 10-30-2011, 05:27 PM   #47
Jpe$
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Join Date: Apr 2011
Drives: '11 toyota tundra(wife's)sold IS300
Location: Albuquerque, currently deployed in the army
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I would like to echo what others are saying. a dealer isnt going to give you more for your car if you have more down. they might try and make it seem so but like every one else seems to be saying is that if you took what you plan to have as a down payment and put it into what you owe now, and keep putting in what you would be saving i'b bet its paid off before the fr-s is for sale. you'll have way more options with a paid in full car imo, and more haggle room if you say i could take the thing to carmax right now and get X dollars for it or sell it privately for even more then you might be able to get more out of it from the dealer.

look at it this way if you say you'll owe about 7k on your car next year and have 6k saved for a down payment you'll basicly have a -1k down payment. the reason is the dealer would have to payoff you old loan for 7k. they might say offer you 3k-4k trade in. that would put you at a 2k total down payment. now with a paid of car you could say you might be able to sell it for 7k privately or at a place like carmax for 4-5k if your lucky. thats where you would have haggle room if they want to give you 3k for a trade but you could easily get more else where they wont be able to make any money off of your trade in if you don't trade it in so they might be willing to offer you 1k or more trade in or on a rebate else where. plus i would imagine that if your owing 9k right now your likely paying 350 or more a month. if you paid it off in 6 months or less by droping every last dime you can into it you could still have almost 3k or more cash saved in just car payment money you don't have to pay anymore because you paid it off early. i would think you could be looking at a close to 5k down plus trade in. you could be looking a a total down payment of more than 9k if your lucky.
good luck with your new car.
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