Can I trade in my current car for toward the purchase of a new car?

You cannot lower your payment by buying another car and then adding onto the balance another 8 grand. Buying any Jeep is a bad idea.

The amount you owe on your trade in gets added to the cost of the new vehicle whether you're upside down or not. Doing this will absolutely increase your monthly payments because you'll be paying for two vehicles. One of which you no longer have! Unless your trade in is falling apart and costing you lots of money to keep it going this is always a bad idea!! Hope that helps! Jim

Tired of a reliable car and want an expensive adventure driving an unreliable Jeep?