- Aug 5, 2006
- 31
- 1
- 0
Morning everyone.
I have plans to upgrade, from my v6 to a GT within a year or so - optimally looking at either Labor Day or Memorial day '09 - for the best deals. Frankly, I don't see how they can make the s197 Mustang any better, and with the government cracking down on MPG minimums, I want my 8 and I want it yesterday. I'm not very familiar with the process of selling/trading in a car that I still owe money on.
It's an '07 premium black auto sixer, pony package, fully loaded basically. By this time next year it will probably have around 20k miles on it.
Question is, if it's financed at $20k (it was 24.5 i put a down payment on it) for five years bought back in March 07, what kinda of net $ can I expect from it if I trade it in, or if I sell it out right next year?
I'm hoping to have a few $ks to put down on the GT, as well as whatever I get from my sixer sell/trade in. Would it be better to take that few extra $k and pay the sixer off some more, or use the cash as a down payment on the GT. Like I said, I'm hazy on this entire issue and advice would be appreciated !
I have plans to upgrade, from my v6 to a GT within a year or so - optimally looking at either Labor Day or Memorial day '09 - for the best deals. Frankly, I don't see how they can make the s197 Mustang any better, and with the government cracking down on MPG minimums, I want my 8 and I want it yesterday. I'm not very familiar with the process of selling/trading in a car that I still owe money on.
It's an '07 premium black auto sixer, pony package, fully loaded basically. By this time next year it will probably have around 20k miles on it.
Question is, if it's financed at $20k (it was 24.5 i put a down payment on it) for five years bought back in March 07, what kinda of net $ can I expect from it if I trade it in, or if I sell it out right next year?
I'm hoping to have a few $ks to put down on the GT, as well as whatever I get from my sixer sell/trade in. Would it be better to take that few extra $k and pay the sixer off some more, or use the cash as a down payment on the GT. Like I said, I'm hazy on this entire issue and advice would be appreciated !