Hello,
I would like some opinions on a car loan situation. My wife and I each have a car. Car A has $6,700 left on the loan, with rough value being $4,000. Car B has roughly 10,800 left on loan, and rough value is $6,000. We are both looking at getting a new car soon. Should we trade in both cars in on one new one? Will this help offset the overhead from the high loan from Car B ? Or just trade in each car for each new one ? I know the salesman will have opinions for us, but I wanted to see what people say before I hear what he says.
Thanks
I would like some opinions on a car loan situation. My wife and I each have a car. Car A has $6,700 left on the loan, with rough value being $4,000. Car B has roughly 10,800 left on loan, and rough value is $6,000. We are both looking at getting a new car soon. Should we trade in both cars in on one new one? Will this help offset the overhead from the high loan from Car B ? Or just trade in each car for each new one ? I know the salesman will have opinions for us, but I wanted to see what people say before I hear what he says.
Thanks