If you have a car that you won’t need after you get  your next car you may be considering trading it in.  If you are going to trade your car in you may have wondered how much can you get for your trade in. If you are going to trade your car in, please keep a few things in mind; One, if you owe more on your car than it is worth you aren’t using it as a down payment. This is called negative equity. To find out APPROXIMATELY what your car is worth go to kbb.com. This will give you some idea. Make sure you use the trade value and not Private Party value or retail. You cannot expect either of those values  from the dealer. Then don’t look at excellent value, it says that LESS THAN 5% of ALL cars are in excellent condition.  You can always negotiate your  trade allowance with the car dealer just be realistic.

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