Question:
The leased truck is mint..less than 20k miles..I owe 3800 in the buy out.. It's just a Ford ranger basic model..Kelly blue Book shows it at about 8200 and Nada shows more..I would rather have 4x4 and some options.. I could also keep driving Miss Daisy around for little money..If you hit a bump in these ford rangers, you are all over the road and forget about going out in the snow..If Ford would use for value towards a down payment I might upgrade..I don't want to get up any cash at all..
Your thoughts? many thanks to all of you ;-)
Honda Civic LX Sedan automatic or Toyota Corolla CE?
Tone
Answers:
Yes you can use it as down payment. as to what the dealer will give you for it thats a different story. my best advice is to go to kelly blue book www.kbb.com and go to edmunds, www.edmunds.com and be honest w/ rating your truck. those are usually relatively accurate to what a dealer is going to give you. (we often use both to help us appraise cars). obviously the condition of the truck will affect it and whether or not its a manual transmission will as well. we will often put less in a manual than what the book values show mainly because manual transmissions just dont sell in our area very well.
but yes.any equity you have in your vehicle is yours and you can use as a down payment or.you can get cash back. ive done that for customers before as well. leasing really isnt much different than purchasing. you have the same options as a purchase just w/ one extra one thrown in which is turning it in if you dont want it at the end of the lease.
I only have $1,000. can anyone help?
No dealer will give you blue book value. But, ask your dealer to give you $6000 value for it and work from there. I wouldn't go less than $4000 or it wouldn't be worth the hassle.I have a camry 2.4 bought in 2006 (5,800 km). I would like to sell. What is the best price?
Are you sure? Is the $3800 listed under "residual value" in the contract?Hard to believe that you could have so much equity in a lease. without getting screwed over on the lease payments.
Yes, you can trade it in and use the equity as downpayment. But I think $8200 is being too optomistic. the real value is KBB "Trade-in" and multiply by .80... that's about how much the dealer will give you.
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