Reply
Regular Contributor
Posts: 152
Registered: ‎03-29-2009
0

How long should i wait to trade in my car?

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...

Regular Contributor
Posts: 163
Registered: ‎08-27-2008
0

Re: How long should i wait to trade in my car?

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  ...

 

 

Contributor
Posts: 107
Registered: ‎09-18-2009
0

Re: How long should i wait to trade in my car?

You purchased the car 2 months ago, have 1K paid off and want to trade it in?

Contributor
Posts: 83
Registered: ‎07-14-2010
0

Re: How long should i wait to trade in my car?

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

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.