Quote:
Originally Posted by 370zFTW
Here's the part I am still learning, I still owe about $27K on my loan and should I trade it for a newer Z that way I wont be losing too much money? Say I'm looking at a 2012 370z for $42K and if I do get $22K or little bit more for my Maxima for trade in from the Nissan dealership, will I be owing $20K(for the 2012 370z) plus $5K from the $27K I owe on my loans so then I'll be owning $25K for the 2012 Z? is that how it goes??? Anyone that can help I would be really appreciated. Thanks!
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Wrong!!
That 22k you MAY get would go towards paying off your 27k you owe currently. Leaving you -5k going into the Z which will put you at 47k total for the Z. Not a good idea to be 20 or 25 for that matter 50k in debt