Considering a Z

edeeZee · 05-24-2009, 01:18 PM

Quote:

Originally Posted by Maxima09

How will this all work if I still have a balance on the Maxima? Will Nissan take care of this? Also...Sticker on the Max was 35,500 I paid 32 + TTL so 35k out the door. I want NO LESS than 30k on the trade...only has 3k miles on it.

You're going to be "upside down" most likely, unless your balance on the Maxima is very small. The sticker on the Maxima is immaterial at this point, the used car manager at the Nissan dealership will use a KBB value or arbitrarily give a trade-in value. You know that cliche, "as soon as you drive a new car off the lot it automatically loses $5,000"? This isn't far from the truth.

For example, say your loan balance on the Maxima is $27,000; and the used car manager says, "this car is only worth $25,000," then you are $2,000 upside-down. So if you put $7,000 down towards a Z, then only $5,000 will apply to it.

I say keep your Maxima and consider a Z or another car when you're done paying it off.