wanna trade a car in with no equity

Asked by Apr 14, 2012 at 01:41 PM about the 2007 Saturn Sky Red Line

Question type: Shopping & Pricing

just bought a car a few months ago havent driven it and would like to find a dealership that may trade it in for something else. is this possible

3 Answers

8,735

It depends on how much you owe on the car compared to what it is worth trade value- if you owe 20000 and the car is only worth 15000, you probably won't get a bank to do it unless you put the additional 5000 down to make up the difference. It also depends on the value of what you want to buy- if the seller is selling their vehicle for way under book value, you might be able to make up some of the difference there. Your credit score will also be a factor- if you have good credit, there may be something you can do. The best thing to do is go to the place which has the car you want and lay it all out for them and see if it will work- good luck.

915

If you find you must trade the Sky and will be a little upside down, and if you plan on having the new car 3 years, you may want to consider leasing. Leasing is a great option for making inequity go away. Without knowing too much about your previous purchase history, trends, it's a tough guess. Have you gone back to the dealer you bought it from and ask them how much they'd buy it for? If they sold it to you they already bought it, and might have another chance to sell it again. Summers almost here, you may want to try listing it on ebay a few weeks. Canadians are looking for them too, as a seller, give your buyers lots of options! Just like a dealer has to. Good luck, sorry it didn't work out. Next car, try an overnight test drive to make sure it's the right one. These things can be costly experiences.

Why haven't you driven it? I am considering getting one.

Your Answer

Add photo

Related Questions

Sky

Looking for a Used Sky in your area?

CarGurus has 214 nationwide Sky listings starting at $6,980.

ZIP:
Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Saturn Sky Questions

UK Questions

Are you a UK consumer? CarGurus now has a discussion forum in the UK.

Saturn Sky Experts

#1 Michael Kane
Michael Kane
Reputation 80
#2 Yelsaeb
Yelsaeb
Reputation 30
#3 mikeatpriestlake
mikeatpriestlake
Reputation 20
View All

Related Models For Sale

Used Pontiac Solstice
25 Great Deals out of 480 listings starting at $4,995
Used Chevrolet Corvette
293 Great Deals out of 20,421 listings starting at $3,688
Used Mazda MX-5 Miata
105 Great Deals out of 4,558 listings starting at $1,995
Used Ford Mustang
582 Great Deals out of 41,215 listings starting at $1,699
Used Chrysler Crossfire
13 Great Deals out of 393 listings starting at $3,900
Used BMW Z4
66 Great Deals out of 1,445 listings starting at $4,990
Used Nissan 350Z
79 Great Deals out of 1,506 listings starting at $3,490
Used Porsche Boxster
72 Great Deals out of 1,515 listings starting at $4,750
Used Honda S2000
18 Great Deals out of 359 listings starting at $6,993
Used Audi TT
49 Great Deals out of 1,357 listings starting at $2,990
Used Mercedes-Benz SLK-Class
76 Great Deals out of 1,435 listings starting at $4,495
Used Jeep Wrangler
488 Great Deals out of 17,959 listings starting at $2,950
Used BMW 3 Series
1,529 Great Deals out of 39,675 listings starting at $1,495
Used Dodge Challenger
350 Great Deals out of 24,969 listings starting at $8,750

Used Cars For Sale

2009 Saturn Sky Red Line For Sale
10 listings starting at $8,988
2008 Saturn Sky Red Line For Sale
37 listings starting at $8,500
2007 Saturn Sky Red Line For Sale
5 Great Deals out of 25 listings starting at $7,500