Trade in

Asked by Jan 06, 2017 at 06:04 PM about the 2010 BMW 3 Series 328i xDrive

Question type: Car Selling & Trading In

I want to trade my car in but have only had it 1
year. Is it possible? Or even a good idea yet?

5 Answers

76,805

I am sure you can trade it in but it is an older car now so not all dealers will be interested. I suspect you will lose a lot on money if you do so as you will get bottom dollar for your car. If it is a good car I would keep it and get my money's worth out of it.

1 of 1 people found this helpful.
254,465

Sure, like F_O_R said. but if you really want a new one, dealers can pay off the old car for you and you would receive that amount less, the trade in value.

1 of 1 people found this helpful.
76,805

Unless you put a big down payment on it you will probably find that you don't end up with enough to pay off your loan.

1 of 1 people found this helpful.
52,085

Been there , done that and it is stupid to do so.

2 of 2 people found this helpful.
76,805

The dealer might add the deficit on to your new car loan which will make your payments really high and you will be even more upside down than before - viscous cycle!

2 of 2 people found this helpful.

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