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nkyguy1988 t1_je8btf6 wrote

Trading a car in is effectively selling to a dealer. How much is the truck worth today? Keep in mind you don't trade in at retail.

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NaoMaoi OP t1_je8bwzr wrote

CarMax and Carvana both offered 31K as is for a trade in.

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nkyguy1988 t1_je8c2ah wrote

Assuming you take their deals they will pay off the financing and that leaves you with about 7k for a down payment on something else.

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NaoMaoi OP t1_je8c8it wrote

Awesome. Exactly what I was curious about regarding the left over money.

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nkyguy1988 t1_je8co5r wrote

Also keep in mind that unless you are buying a new model with manufacturer incentive financing, you will not find a 3.4% rate. In fact, short of having that promo, a good car rate is about 6%, maybe 5.x% if you look hard enough.

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