Trading my 2017 for a 2019

You still are losing money...

 

Even if your truck is paid in full, they give you 30, you pay 34 for this one, you still owe them 4k. Is that right?

 

Yes I know, but i need equity $$$. And cannot get a loan

 

That trade ain't worth it. You are going to a lose a bunch of money for some really minor changes.

 

I know im loosing money, but not much. Also i will save some tax money with the trade, and pay taxes only in the price difference

 

May I ask what is so appealing for you to do this. I have a 2018 that has TSS and I have the Technology package, I was just wondering what aspect makes you want to trade.

 

Do you want but if your goal is needing money..you’re getting money at a very expensive price. You’re gonna pay 30-40% of that 15,000 that’s already you’re money. You, 3 years from now, will thank me if you walk out now and get some good advice from a financial pro.

 

Just be careful of all the hidden fees, like tire protection, Resistal coating, Gap coverage, etc. They push that it is "only XX$/month". Look at the total cost of those.

 

We have a highlander that has the TSS and that saved my wife once or twice. This will be a mainly for whenever she drives the taco.

 

If you need money now and this seems like your only option, sell the truck outright, buy a $2000 or $3000 car and pocket the difference.

 

Another thing is that if o can't get those numbers plus 1.9% apr or les

 

Not a smart move, but its your money. A 2 + year old truck with 10k miles and they want to give you 30k for it?

 

Sounds like debt to me. Isn't that what dealers do keep you in debt?

 

People keep themselves in debt, cannot blame the bank, dealerships, loan sharks etc. It is all on the borrower not the lender. Dealerships typically just want to sell the new stock off the lot and get a trade in that they can make some $$ on.

 

That is actually a very good idea. I just wanted to get the benefit of the tax credit. That could be about 2K

 

What tax credit are you reffing to??? the trade difference tax? That is not a good idea at all if that is the case

 

Totally agree

 

Well the mgr said he can't get the carfax of of that truck because is new and nothing will show up

 

7 grand for a Tech Package sounds expensive, keep the old truck.

 

Why 7k. Trade 31k new 34K