BoostRabbitGT
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...I got the answers I needed here.
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So I guess the obvious question is how much left you owe and how much is the dealer giving you for itSo, further context for those who'd like it...
1. If you haven't read any of my posts on the forum, I daily drive a '19 EcoBoost.
2. After August/September I will owe less than 10K on it. I'm paying zero interest as well. Right now I've a little over two years left to pay off my EcoBoost in full.
3. There is about 8680+ on the odometer. I'm not a throttle-heavy type of driver. I think I drive around 100-200 miles a month, possibly 1K-2K miles a year, give or take. My commutes are typically less than six miles a day for work.
4. Generally I still want to keep enjoying my EcoBoost until I'm done paying for it. But I am also curious how much I'd get for it if I were to trade it in, and then how much of that I could use to pay off the rest of the car payment.
That's all I've got so far. If anyone has questions or comments please don't hesitate to say something.
(written by the guy that unironically enjoys his EcoBoosts active exhaust.)
We traded a 21 Ecoboost Mustang with 11k on it back in May for the Bronco. It wasn't bare base but not a premium. We were given $27k for it. This may help you a little, I know yours is older though but with less miles then ours was.So, further context for those who'd like it...
1. If you haven't read any of my posts on the forum, I daily drive a '19 EcoBoost.
2. After August/September I will owe less than 10K on it. I'm paying zero interest as well. Right now I've a little over two years left to pay off my EcoBoost in full.
3. There is about 8680+ on the odometer. I'm not a throttle-heavy type of driver. I think I drive around 100-200 miles a month, possibly 1K-2K miles a year, give or take. My commutes are typically less than six miles a day for work.
4. Generally I still want to keep enjoying my EcoBoost until I'm done paying for it. But I am also curious how much I'd get for it if I were to trade it in, and then how much of that I could use to pay off the rest of the car payment.
That's all I've got so far. If anyone has questions or comments please don't hesitate to say something.
(written by the guy that unironically enjoys his EcoBoosts active exhaust.)
LOL yes 101a ..I deleted it before I saw this.. LOLMine is a 101A as well. (I'm assuming 201A was a typo.)
I'm anticipating getting $20K-$25K if I were to trade it in this year or next. $30K would be pushing it whether to a dealer or a private sale (which I have no experience doing either, if my context didn't already reveal).
Iāll preface this with that I am not an expert or have any professional financial experience but the thing you wanna figure out is if the value that your eco will drop over the two years will be greater than what is owed currentlyI haven't decided which dealer I want to trade-in my EcoBoost to. I have a dealership 10 minutes away from my house, and another one up north an hour away. But there's a catch...before I knew anything about ordering cars and such, I bought my EcoBoost at one of the dealerships in Vegas. My first car at that. I'm looking to trade-in (trade-up?) to a GT, and wanting to put down 10K at minimum (15K tops, but only if it's absolutely necessary, I'm not THAT kind of rich).
I'll leave it at that to maintain my privacy.
depends, if they offer more than you owe, part of that will go to paying off the loan, the rest will go toward the loan of the new car, if they offer you less than what you owe, then theyll roll the rest of that loan into the new car loan, i would advise against that.I suppose my next question in the meantime is...say I trade-in and the dealer, as unlikely as it sounds, offers to pay the remainder of my car payments. How does that work? Or if they give an offer without paying the remainder...how would that affect my ability to pay off my car? (I've already got autopay on my EcoBoost since I'm not paying interest on it.)
Your car is worth what itās worth it wonāt affect its value if you owe and once they cut you a check you just use that to pay off your remainder and pocket the restI suppose my next question in the meantime is...say I trade-in and the dealer, as unlikely as it sounds, offers to pay the remainder of my car payments. How does that work? Or if they give an offer without paying the remainder...how would that affect my ability to pay off my car? (I've already got autopay on my EcoBoost since I'm not paying interest on it.)