Not to be the bearer of bad news...but you need to consider all of these:
1. what is owed on your current car
2. what you will get for your current car
3. difference between the two - plus or minus
4. actual sales price of the new car - not just the sticker
5. new car purchase sales tax, title and license fees locally - usually around 3k+
6. interest rate at time of purchase
7. down payment
Take that check list - put numbers to it...and then you can see the "real" costs involved in changing.
Quote:
Originally Posted by Chteelers
Also, you may be thinking you're "saving money" because you still owe $28K, and you'd be getting a $27K car. Saves $1K right? But you really have to compare what your Z will actually sell for, not what you owe. If you trade-in or sell you car for any amount LESS than $27K, then this transaction will cost you. You need to sell/tradein for $27K to break even on the Evo, and preferably sell for more to save you money.
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