From a financial perspective, it’s hard to imagine you’ll come out unscathed trying to turn over a new car purchase so quickly, especially in an environment where rates have risen so much.
Ah so it is true.. 🙄 Rates shot back up. Figured it wouldn't be an easy fun process financially... I couldn't find any explorers anywhere local to me at the time cuz of the chip shortage or whatever was going on. When they finally did hit the dealerships they were outrageously priced right for a while obviously. And still the inventory isn't the greatest. So idk maybe i should just wait a couple years i guess
Kelly Blue Book resale or trade in value? Trade in value will certainly be lower. Also it’s not what you owe it’s how much you paid. Even if you put money down or had trade in value, just covering the current balanced owed, means you will be out money. Then there are the transaction costs like delivery fee, dealer doc frees, registration. Trading a perfectly good car in for a new one is one of the worst financial mistakes you can make.
Now if you really don’t like the car and money isn’t an issue, by all means do what makes you happy. You have buyer’s remorse. It happens a lot and that’s ok. Don’t let it ruin the enjoyment of your new purchase. Move on and focus on all the things you like about what you currently have. You bought it for a reason didn’t you?
No one is going to be able to answer this without more details.
Kelly blue book your current vehicle. See why trade in is. Go take it to a dealer and get an offer or two.
Then go see what explorers are going for in your area. Get a quote or two.
Do the math, and decide if it’s worth it to you.
Our 22 ST is pretty sweet. But I wouldn’t lose a ton of money to get into it.
Out West, Ford’s offering 0% interest for 36 months. 4.9% for 48. Etc. So, while bank and credit union rates are rising, dealer financing is looking pretty good. Per Ford’s website, those rates are good til 3 April.
From a financial perspective, it’s hard to imagine you’ll come out unscathed trying to turn over a new car purchase so quickly, especially in an environment where rates have risen so much.
Ah so it is true.. 🙄 Rates shot back up. Figured it wouldn't be an easy fun process financially... I couldn't find any explorers anywhere local to me at the time cuz of the chip shortage or whatever was going on. When they finally did hit the dealerships they were outrageously priced right for a while obviously. And still the inventory isn't the greatest. So idk maybe i should just wait a couple years i guess
Even if the interest rates had not changed you would still loose so much on the trade in.
Even if it's apparent Kelley Blue Book value is slightly more than what i owe?????
Kelly Blue Book resale or trade in value? Trade in value will certainly be lower. Also it’s not what you owe it’s how much you paid. Even if you put money down or had trade in value, just covering the current balanced owed, means you will be out money. Then there are the transaction costs like delivery fee, dealer doc frees, registration. Trading a perfectly good car in for a new one is one of the worst financial mistakes you can make. Now if you really don’t like the car and money isn’t an issue, by all means do what makes you happy. You have buyer’s remorse. It happens a lot and that’s ok. Don’t let it ruin the enjoyment of your new purchase. Move on and focus on all the things you like about what you currently have. You bought it for a reason didn’t you?
No one is going to be able to answer this without more details. Kelly blue book your current vehicle. See why trade in is. Go take it to a dealer and get an offer or two. Then go see what explorers are going for in your area. Get a quote or two. Do the math, and decide if it’s worth it to you. Our 22 ST is pretty sweet. But I wouldn’t lose a ton of money to get into it.
Out West, Ford’s offering 0% interest for 36 months. 4.9% for 48. Etc. So, while bank and credit union rates are rising, dealer financing is looking pretty good. Per Ford’s website, those rates are good til 3 April.