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Reply to "Explain how I finance a car in this situation "
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[quote=Anonymous]OP, you are approaching this correctly. Some of the other posts are plain dumb. It is always better to finance the least amount you can. Everything is negotiable with the dealer, so having alternatives is always a good thing. Once you have an agreed upon price for the new car, see if the dealer can match your trade-in value. If they can't, you tell the dealer that you will be back in a few hours to go sale your car to the other option. You may need a ride (friend or Uber). Dealers know that people may not always agree to do a trade-in with them (and they often undercut what you can get elsewhere). Your agreement with the dealership is still valid until you have the rest of the funds from your trade-in. [/quote]
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