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Originally Posted by WheelBrokerAng
What is upside down on a new one mean ?? WheelBrokerAng [img]smileys/smiley16.gif[/img] its basically the differance you pay... from trade in value to new car value example.... i buy a 07 rdx for 37k i drive it for 2 years and pay the payments, the value of the car goes down but is still valued pretty high... about maybe 32k? its the year 2009 and the RDX came out with a TYPE-S model i want to trade my car for it but i know im gonna be upside down... so i trade my car and i end up gettin only 28k trade in value, but i still owe 32k so if i trade the car i still owe 4k on the 07 RDX.. thats what upside down means when you basically owe more money on the car then what its worth your upsidedown going into your next car trade-in purchase cuase your gonna owe EXTRA money on top of whatever the new car is gonna cost... if that didn't help you.. lmk i'll see if i can gettin a better example of some sort...Edited by: phoju |
UPSIDE-DOWN MEANS YOU OWE MORE THAN ITS WORTH. ITS F+I LINGO.
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Originally Posted by phoju
Originally Posted by WheelBrokerAng
What is upside down on a new one mean ?? WheelBrokerAng [img]smileys/smiley16.gif[/img] its basically the differance you pay... from trade in value to new car value example.... i buy a 07 rdx for 37k i drive it for 2 years and pay the payments, the value of the car goes down but is still valued pretty high... about maybe 32k? its the year 2009 and the RDX came out with a TYPE-S model i want to trade my car for it but i know im gonna be upside down... so i trade my car and i end up gettin only 28k trade in value, but i still owe 32k so if i trade the car i still owe 4k on the 07 RDX.. thats what upside down means when you basically owe more money on the car then what its worth your upsidedown going into your next car trade-in purchase cuase your gonna owe EXTRA money on top of whatever the new car is gonna cost... if that didn't help you.. lmk i'll see if i can gettin a better example of some sort... WheelBrokerAng [img]smileys/smiley8.gif[/img] |
GOOD IDEA!:)
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