I purchased a 2006 bmw 330i back in july 2010, paid 16k car is worth 21-22k (emunds & KBB). I owe 15k right now, i want to trade it in soon to purchase another vehicle but i how should i wait or how long do i have to wait? This is my only active auto loan on my credit right now...
There isn't any real waiting time if you want to trade the vehicle,,, As long as you can get the trade-in amount you want/need for your current vehicle and get financed on the new one... go trade it ...
imho i think it might be too early to trade it in, but like it was said before, if you get the amount you were looking for and and get financed on new vehicle then by all means go ahead and bite the bullet
