Trade in

2016 CHEVROLET SILVERADO

1,088 MILES • 6.6L • V8 • TURBO • 4WD • AUTOMATIC

ANGELCORTEZ

MEMBER
5 POSTS
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So for car dealers or any one who may know the answer to my question .

I recently bought the truck listed above it is a 2500 4x4 6.6L z71 and I put a really big down payment and I failed to see that Chevrolet was just on the verge of releasing there new 2017 model and I love how these trucks look new.

So my question is i have a great apr. Of 3.95 for a first time buyer and I was wondering if I could trade in my 2016 for a 2017 but that I do not lose my down or my 3.95% Apr, like can they just transfer the loan over to that car.

Mar 1, 2017 at 3:34 AM

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MHPAUTOS

AUTOMOTIVE REPAIR CONTRIBUTOR
31,937 POSTS

This is really a question for a financial advisor, best go get some professional financial advice on this one.

Mar 1, 2017 at 3:43 AM

STEVE W.

AUTOMOTIVE REPAIR CONTRIBUTOR
15,146 POSTS

Most of the dealers in my area would be glad to let you trade in your "used" truck and transfer the loan to the new truck. But it will not be a direct transfer because you now have a used truck. I know around here, the premise of buying a new vehicle is that once you sign the paperwork and drive it off the lot the "value" of the vehicle drops by a large amount. That large depreciation is one of the reasons I refuse to buy a new vehicle for personal use.

The best thing you can do is call the dealer and ask. Just do not be surprised if they tell you that your "used" truck is worth far less than you just paid.

Mar 1, 2017 at 10:12 AM