Upside down on car but need a truck?
Ok first off i can afford this car easily 2007 nissan altima however i owed 3,000 on the car i traded in previously that was added to the loan and add ttl+service contract and bump-bumper executive warranty and im 5,000 over the cars value. i drove it off the lot and it depriciated to $3,000 less what i bought it for (according to kbb) i bought this car because 32 mpg as i had a 90 mile round trip eday. i have since moved within 5 miles of work and had a baby. i owe $20000 and the car is only blue booked at $13,995 trade in. what are my options besides paying the difference down?
Answer
Right now on the 2007 dodge ram 1500 there is $ 5,000 rebate and $ 1,000 bonus for $ 6,000 total. mark-up on these trucks is around $ 3,500. let the dealer make $ 500 and you have $ 9000 in mark-up and rebate to play with. look around, you will find a dealer to do it.
