General Want to trade Mazda for Fiat

MakMac · Jul 22, 2011

Hey everyone, I had some questions about trading cars. Hopefully someone here has done it before and know all the rules to it. When i saw the 2012 Fiat 500 come out in the USA i fell inlove with it. Love the style and everything about it. See i drive a 2010 Mazdaspeed 3, I bought the car for $21,000 brand new (standard model). I want to trade my Speed3 in for the 2012 Fiat so i was wondering how that works, will i loose biiiiiiig or will i be ok. I have the Speed 3 on a 6yr plan and my payments for the car are around $360

a month.Still owe around $19,000. Im 20 years old so my insurance isnt low either. IF anyone could help me on what i could do, or any tips that would be awesome. Thanks alot.

loveshandbags · Jul 24, 2011

MakMac said:
Hey everyone, I had some questions about trading cars. Hopefully someone here has done it before and know all the rules to it. When i saw the 2012 Fiat 500 come out in the USA i fell inlove with it. Love the style and everything about it. See i drive a 2010 Mazdaspeed 3, I bought the car for $21,000 brand new (standard model). I want to trade my Speed3 in for the 2012 Fiat so i was wondering how that works, will i loose biiiiiiig or will i be ok. I have the Speed 3 on a 6yr plan and my payments for the car are around $360 a month.Still owe around $19,000. Im 20 years old so my insurance isnt low either. IF anyone could help me on what i could do, or any tips that would be awesome. Thanks alot.

Since nobody has replied to your posting there's a thread on the European side of a guy who wanted to trade a 'high value' 500 for a cheaper 500 but it was not straightforward.
Not knowing the technicalities of the finance arrangement i.e. if it's a hire purchase or a car loan but given that only $2K of the original purchase price of the car has been paid after 2 years - it's quite likely that the car is worth a lot less than $19K (I would guess $12K) - you would 'stand' to be in debt by $7K if you sold it and paid off the finance arrangement. If you did buy a POP model at $15K then your repayments would be on $22K ($15K + $7 debt) which is not far off the original purchase price of the Mazda.

General Want to trade Mazda for Fiat

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General Want to trade Mazda for Fiat

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MakMac

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General Want to trade Mazda for Fiat