need to understand how finance calculation work
We want to buy a fifth wheel, and we need to trade a travel trailer that has no equity. Is there a step i can follow so i dont get taken advantage of or tricked into a bad deal?
Forum Discussion
First thought is to find out what you current trailer is really worth in a private sale. Not NADA retail, but what you could sell it for yourself. There is a big gap between what you owe and what the dealer will give you. A trade in makes it convienient for the buyer, but you pay a steep price for that convienience.
If you could sell it yourself for close to what you owe, then go negotiate on the new unit, you are in a better position. From my experience, you get the best bottom line price in a clean deal - they play a lot of games with trade-ins.
If you could sell it yourself for close to what you owe, then go negotiate on the new unit, you are in a better position. From my experience, you get the best bottom line price in a clean deal - they play a lot of games with trade-ins.
