can i trade in a car if i still owe money on it and how?

5

Asked by Feb 04, 2014 at 03:22 PM about the 2002 BMW 7 Series 745Li

Question type: Shopping & Pricing

i still owe about $3500 on my 2005 bmw 325i im paying $10900 for it with 119,000 miles on it in great condition.black on black very pretty.i see a 2002 7 series i like can i still trade my car?7 series 745li list at $9999.

3 Answers

yes, I would try walking away owing what you owe now on the 325i... if there both worth 10,000 then it would be like putting 6,500 down and owing 3,500 just don't let them give you less then blue book on a trade in... hth

225

First of all : BLUE BOOK , Versus NADA , will all depend on what region of the United states your in Blue Book is typically a west coast thing... secondly what you owe on the car versus what it's ACTUAL CASH VALUE IS WILL COME INTO PLAY....I.E. you owe $3500 and the car is worth $7000k and they want $10,000.00 for the car your buying..They will pay off your trade in and now you will have $3500 as a down payment toward thge car you want to buy in addition you will have to pay taxes only on the difference no the $10,000.00 original selling price since you used a trade in......

1 out of 1 people think this is helpful.
5

Very very helpful.thanks so much!!!!!

Your Answer

Add photo

Related Questions

7 Series

Looking for a Used 7 Series in your area?

CarGurus has 6,196 nationwide 7 Series listings starting at $3,500.

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

Search BMW 7 Series Questions

BMW 7 Series Experts

#1 lweems
lweems
Reputation 1,630
#2 Vince Lee
Vince Lee
Reputation 520
#2 Tom Demyan
Tom Demyan
Reputation 520
View All

Related Models For Sale

Used Mercedes-Benz S-Class
158 Great Deals out of 6,419 listings starting at $2,300
Used BMW 5 Series
542 Great Deals out of 14,694 listings starting at $1,375
Used BMW 6 Series
87 Great Deals out of 3,330 listings starting at $4,500
Used Audi A8
49 Great Deals out of 1,815 listings starting at $2,990
Used BMW 3 Series
1,135 Great Deals out of 35,652 listings starting at $900
Used Mercedes-Benz E-Class
483 Great Deals out of 22,744 listings starting at $1,450
Used BMW X5
389 Great Deals out of 15,820 listings starting at $1,300
Used Land Rover Range Rover
99 Great Deals out of 4,731 listings starting at $5,900
Used Jaguar XJ-Series
57 Great Deals out of 2,197 listings starting at $1,595
Used Cadillac Escalade
238 Great Deals out of 10,493 listings starting at $1,900
Used BMW M5
16 Great Deals out of 610 listings starting at $13,997

Used Cars For Sale

2017 BMW 7 Series For Sale
4 Great Deals out of 2,054 listings starting at $69,855
2016 BMW 7 Series For Sale
15 Great Deals out of 334 listings starting at $57,999
2015 BMW 7 Series For Sale
10 Great Deals out of 300 listings starting at $33,999
2014 BMW 7 Series For Sale
58 Great Deals out of 830 listings starting at $25,980
2013 BMW 7 Series For Sale
24 Great Deals out of 401 listings starting at $23,854