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

10,185

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.

985

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 185 nationwide Sky listings starting at $5,500.

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

Search Saturn Sky Questions

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
14 Great Deals out of 416 listings starting at $3,995
Used Chevrolet Corvette
230 Great Deals out of 22,187 listings starting at $3,750
Used Mazda MX-5 Miata
78 Great Deals out of 3,921 listings starting at $1,800
Used Ford Mustang
689 Great Deals out of 44,320 listings starting at $1,500
Used Chrysler Crossfire
15 Great Deals out of 384 listings starting at $3,800
Used Nissan 350Z
55 Great Deals out of 1,209 listings starting at $2,850
Used BMW Z4
42 Great Deals out of 1,069 listings starting at $3,950
Used Porsche Boxster
54 Great Deals out of 1,162 listings starting at $4,480
Used Mercedes-Benz SLK-Class
44 Great Deals out of 1,185 listings starting at $2,990
Used Honda S2000
13 Great Deals out of 363 listings starting at $6,950
Used Audi TT
31 Great Deals out of 832 listings starting at $1,995

Used Cars For Sale

2009 Saturn Sky Red Line For Sale
6 listings starting at $9,950
2008 Saturn Sky Red Line For Sale
41 listings starting at $8,598
2007 Saturn Sky Red Line For Sale
26 listings starting at $6,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.