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Discussion Starter #1
Hey guys and gals how are ya? Well this question has been buggin me like crazy the past month or so. I really want to get a se with the pp but I don't know how this trade in thing works. I have a 99 sentra xe which I bought last year. I have 34,000 miles on it and it is in excellent running condition. No body damage.I have not payed it off yet but I am going to soon. Do you think it well be hell to trade in or smooth? I sat in a new gxe when they came out and I loved it but did not have the money to pay for it. I think I can afford it now. I am 19 but I don't know what up with the credit deal cause the dealer ship would not let me buy a 2000 gxe when I was 18(bastards) cause I did not have any credit or something. What should I do ..keep my b14 or take a wack at the b15.


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99 Sentra XE
Mods: 17' 205/40/17 Toyo Proxies, Nis-knacks grill/H4 Crystal Headlamps, Pioneer Head unit, Pioneer AMP, Pioneer 400watt sub, Eibach Sport line springs.

Future List:
Hot Shot turbo kit.
JWT ECU (when it comes out)
Adjustable gas shocks KYB AGX
 
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Well, you might run into the same credit problem as you did before. Are you financing your current Sentra through a bank in your name? If you are, then you are building credit, if not, then your in no better shape than you were before. That would be the first thing. Second, there are lenders that will work with first time buyers, but they usually only finance "base" model cars at high interest rates with a good amount of money down. A co-signer will make all those problems go away.

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2001 SE, P/P, 5 spd. Cloud White.
-For Sale?
 

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Before you trade in your car establish the price on the new car. (dont tell them about the trade right away) they will try to give you the bare min on you 99 GXE do your homework and find out what you car is worth. They will pay if off for you I just traded in my 98 Mazda that was in excellent condition. Also try to set up financing in advance from your credit union or bank That way you'll have your check in your purse when you go into the dealer, negotiate the price on the new car 1st (ignore any questions they may aske about how much down or your trade) once the price has been established then tell about your trade go to www.kelleybluebook.com and get a price for your sentra and dont except a dime less. cause if you do they may do some "FUZZY MATH and add to the back of the loan for your NEW Sentra (if you cant get finance before) If you must take the dealer's finance MAKE SURE THEY DONT CHARGE YOU TOO MUCH INTEREST.

Good Luck
 

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Discussion Starter #4
Well it is being financed under my dads name but I am paying for my car and I kept all the checks which are under my name. Do you think a creditor or dealer ship will honor that? Man arrrrghhhh.. I guess I should try to get the car payed off then put under my name and then trade it in with a good down payment. I have good credit but I only have a limit of 1,200 on my credit card (should be getting a gold hopefully with a 3,000 limit) will that do anything.. ???? Any advice would be appricated.


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99 Sentra XE
Mods: 17' 205/40/17 Toyo Proxies, Nis-knacks grill/H4 Crystal Headlamps, Pioneer Head unit, Pioneer AMP, Pioneer 400watt sub, Eibach Sport line springs.

Future List:
Hot Shot turbo kit.
JWT ECU (when it comes out)
Adjustable gas shocks KYB AGX
 

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Having too many credit cards can hurt your rating. Even applying for them can hurt you, so I'd avoid getting any more than one.

You are getting no benefits in paying your current car if the financing is in your Dad's name. The creditor doesn't care where the money comes from, as long as they get it.

In terms of the trade in, what's the payoff on your 99?

If it's 10k, and the dealership will give you 5k on a trade, you're going backwords 5k on the car. That means you pay 21k for a 16k car that's only worth 13k off the salesfloor. Would it be worth tossing $8,000 away? Naw..........

If you have equity into the car (the car is worth more than you owe - the opposite of above), then by all means I would persue a trade-in, if you can afford the new payments.


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2000 SE w/ PP auto in Heatwave

 

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well i would recommend selling your 99 XE to a private party to get as much as possible for it, because they will rape u at the dealership and give u a lot less than its worth. Then have the car purchased in your mom or dads name (im assuming they have better credit than you) which u may not want to do, but trust me its a lot better for you if mommy and daddy help a little.

-shadi

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White 1998 Nissan Sentra GXE 16inch rims and bangin sound system!
 

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Discussion Starter #7
..I learned something!!! I will find out what I owe on the car and how much it is worth from kelly bluebook. The I will see if it is worth it. Thanks for all the advice!!!

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99 Sentra XE
Mods: 17' 205/40/17 Toyo Proxies, Nis-knacks grill/H4 Crystal Headlamps, Pioneer Head unit, Pioneer AMP, Pioneer 400watt sub, Eibach Sport line springs.

Future List:
Hot Shot turbo kit.
JWT ECU (when it comes out)
Adjustable gas shocks KYB AGX
 

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Well, lets just say I'm a little biased towards the B14 since thats what I own. I'd say pay off the sentra and then find yourself a nice sentra SE or 200sx with the SR20DE motor.
 

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shadi said:
well i would recommend selling your 99 XE to a private party to get as much as possible for it, because they will rape u at the dealership and give u a lot less than its worth. Then have the car purchased in your mom or dads name (im assuming they have better credit than you) which u may not want to do, but trust me its a lot better for you if mommy and daddy help a little.

i agree. selling your car outright will always yeild more return than letting the stealerships take it as a trade in. common fact of dealerships is that they make the majority of their money on used cars, not new ones.
 

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I deffinetly agree also with selling the car outright,,,cause if you go for a trade with your car being so new and that has absolutely no equity in it your gonna be belly up which means your gonna owe more than the car is worth itself....The first couple of years of payments going into the car is actually for the interest ranter than the car,,,more like a 75/25% split....you are better off selling the car outright or just waiting another year or so and then trade it in,,,,,,Hey Spec-V will be coming out:)

But hey which ever route you decide to take good luck to you and keep us posted:)
 

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Discussion Starter #11
Well I did have a thought. I could save up some cash for a down payment and trade in my car. I have a fixed 7.5% apr (and I am 19!!!) so that is pretty good. I put in let's say 2,000 down payment and my trade in, they should give me like 6,000 or 5,000 and my pay off is like 9,000. Hummmm... let's say spec-v is 19,000....that is 17,000 cause the down payment.. and add 4,000 for the value I still owe.. 21,000 @ 60 months with a 7.5% apr.. that is $396/month..and some change.. ..I don't know.. that is iffy cause they are going to kill me on insurance cause it is an se-r...Arghhhhhhhh.. those insurance bastards..they will probably make me pay like 3-400 on insurance.. **** I should just live in my car. O'well I will keep everybody posted. I WANT A DAMN SPEC-V.. It is the poor mans r34 he he he.
 

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Discussion Starter #12
.. UH.... can someone let me know if I am doing the trade in thing wrong.. cause I got no clue..
 
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