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Sheryl Crow says goodbye to her Tesla and donates to NPR: 'You have to decide who you are willing to align with'
(www.businessinsider.com)
this post was submitted on 15 Feb 2025
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politics
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Sooo question. Can you leverage your car as a trade in? Or is it not worth it because you still have a loan? I’m no longer looking for a car, but there was a time where you could basically get out for about the same price you got in for
You absolutely can. It's whether your upside down on the loan or not if it's worth it to trade in.
I'm in a position to trade in my current vehicle for more than I bought it for, but I can't get anything similar to it for a decent price to make it worthwhile to me.
Great question, I've which I cannot answer, as I honestly haven't thought about that. However, the demand of Tesla's are decreasing really fast here in Denmark, so I'm not sure if I could get a good deal. However, I will check it out next week! Thank you 🙂
Definitely look into it, you never know what you might be able to get for it. I worked with a girl in high school many years ago who somehow managed to trade in 3 cars in a row for more than she paid for them. She managed to pay off the loan on each one and get a better car out of the deal than the one she traded in, and it still shocks me enough that I still remember it to this day.
Unless you see the details, you might take that story with a grain of salt. While there were definitely good opportunities after pandemic messed everything up ….. my brother dated a girl who did this. However after he got to know here, he figured out this “too good to be true” situation was because they rolled her previous loans into the next. Each step where she got fantastic trade ins that seemed to be a great deal, were just digging her more deeply in debt. She should have paid more attention to the overall deals, rather than just the trade in.