how do you deal with a car im financing on and want to trade it in for a cheaper vehicle with cheaper monthly payment? credits under 600.

Asked by Sep 22, 2014 at 11:29 AM

Question type: Shopping & Pricing

1 Answer

33,835

Subtract the amount the car is worth from the amount that owed. That's your equity. Or money that is subtracted from price of the car you want to buy. In other words. Your car is worth $10000. The amount you owe is $7500. Now you have $3500 to apply toward the next vehicle! :-)

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