Trading my truck for a cheaper truck HELP!!?

Answers:1   |   LastUpdateAt:2012-10-25 01:18:02  

Asked at 2012-09-30 15:17:02
Please excuse my ignorance , I do not know much about this sort of thing. So where I am right now. I bought a 2003 Chevy Silverado in June this year from a dealer . Paid ( a loan ) of $ 16,000 ( plus fees of representation and so on) .... It turns out that my salary is not enough to make payments and have some left over to bank. I'm in the army and a second job is not an option at this time. I think I still owe about $ 15,200 . Do I try to sell my car or trade it myself when I get a new one and then add the difference ontop sale again ? ? ? Is the dealer going to screw me over in the trade because I'm downgrading ? Am I going to buy the new truck and says nothing about the trade until the price is fixed ? ? ? Could someone please enlighten me , how should I do it ? ? Thank you.
Answer1girly t.Answered at 2012-10-25 01:16:41
Unless you have a lot of money to throw at the offer will not trade in the short term, as should a lot more than you think your Chevy worth . By reading the information seems you should have sought advice before the purchase price seems very high . You are "upside down by 3 or $ 4,000 at least. So if you operate that money will go above the amount to be financed on your next purchase . Learn to love your Chevy and do what you must do to pay payments. Thanks for your service ............................. SARA .. regarding your information : there is no possibility that reducing your payment . sometimes you have experts on this site that have been in business long enough to learn the lingo , but have no idea about situations like yours . do not flatter yourself .
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