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Money and Finances
Reply to "Car Trade and Upgrade Programs"
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[quote=Anonymous][quote=Anonymous]We have a car that is three years old and in good shape. We still owe a little money on it. The dealership has been calling us incessantly about their "trade and upgrade" program. I feel like it can't possibly be a good deal for us -- we definitely do not "need" a new car -- but I'm a bit curious. Has anyone ever done this? Does it ever make financial sense? Thanks![/quote] We just did this. They gave us $24k for our 3.5 year old minivan (paid $33k new) and we got a new $33k minivan. So $9k for 40 months of ownership. Cheaper than the best possible lease payment on the same car.[/quote]
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