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nkyguy1988 t1_jegi3hu wrote

How many quotes have you compared to see for yourself? Well qualified are in the high 5s/low 6s.

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elitebind24 t1_jegnn4v wrote

That’s a high rate. You can negotiate the rate lower if your going through dealer financing. Just be willing to walk away and they’ll drop it, most likely. Years ago when I was in a similar situation Toyota financial offered me 13%, I was willing to walk away and they came down to 9. Six months later I financed with a local credit union for 4.

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Temporary_Bobcat_947 OP t1_jegqkl0 wrote

Replying to elitebind24 (#2,553,082)

Yeah at this point I’m about to just go to the dealership tomorrow and see what they can finance me and the interest. But the main thing on what I’m having trouble dictating is if I should ask for more money on the truck I’d be trading in. The truck I have now that I’m trying to trade in is a 2018 Chevrolet Colorado. I bought it for 24,000 and it has 48,000 miles left on it. And I still have 18,000 left to pay on it. So what I could do from what my banker told me is do an nada where it’s a clean trade and they pay off my loan amount and I get the same amount back for a new loan. But I’m thinking it’s worth more than 18,000 do you think I should negotiate this have them pay off the loan and then some?

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