Dealer Question...obviously : )
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Junior User
Joined: Nov 2000
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From: Birdsboro Good ol' U.S.A.!
Dealer Question...obviously : )
[font size="1" color="#FF0000"]LAST EDITED ON 08-Jan-01 AT 05:43 PM (EST)[/font][p]Hi guys, the other day I went for a trade in on my '96 Explorer and came out with a disappointed look on my face. We wanted to buy an expedition, not lease it, and the guy told us that was not possible becasue we owe 16 grand on the loan and the truck is only worth 11. But he told us that we can lease the expedition. We also said that we would put at least $500 down on it. What is up with that? If im correct, either way they will be taking our Explorer and and finishing the loan on it. No? I am really confused about this issue, want to talk to Ford but figured I'd see what yous think. Thanks,
Mike
Mike
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Joined: Dec 2000
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Dealer Question...obviously : )
Most dealers will pay off your existing loan and can add the difference to the cost of the new vehicle. But this is not a good way to do it, as when it comes time to off load the Expedition, you will be even FARTHER in the hole, owing much more that you could ever get. Best bet is to keep the Explorer until the wholesale value equals what you owe on it. Also, it will be well worth your time to take the Explorer around to quality used car only lots and see what they will give you for it outright. I have always gotten more for my "old" vehicle this way instead of trading it in to the dealer I'm buying the new one from. The dealer will just make up their $$ somewhere, some offer great tradein $$, but just don't come down on the new.. Good Luck
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Junior User
Joined: Nov 2000
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From: Birdsboro Good ol' U.S.A.!
Dealer Question...obviously : )
The expedition we were looking at wasnt new, it was a 97, one year newer than our explorer. Dont know if that makes a difference. It also had 37,000 miles on it. It still would have been nice to pay that extra if we had to, we are going to be paying 33 g's for our explorer overall. At least the expedition would be more bang for the buck. Also we would like to be paying a little less than $500 dollars a month, its killing us. Do you think theres any way to get a different vehicle with a lower payments other than wait the thing out.
Thanks,
Mike
Thanks,
Mike
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