Due to a little smart investing, I’m able to afford to pay off my car note (approx. 15K.) I am also planning to use this car for trade-in value toward a new car which I still will have to finance (approx. 35K.)
Current Car is in good condition, few cosmetic issues (small body scratches)
Spouse suggested that if I try to trade in a paid-off car, I may get substantially less in trade value because car dealers make more $ off a loan when your old loan has been rolled in.
I can see the logic, but would the trade-in be that significantly reduced that it would no longer be a good option?
Trying to make the right decision... within 4 days. (Ahead of next car payment due date)
Your thoughts much appreciated.
Submitted September 18, 2018 at 12:10PM by nobodyknowsimherr https://ift.tt/2xjZQv1
