What is meant by “break even” and “over trade” when buying a new car?
By Cars & Motorcycles on Mar 31, 2009 with Comments 1
soonkuey asked: I own a car which is about 2 1/2 yrs old. Wish to change to a smaller capacity car. But when i ask my friends, they ask me when is my car break even instead. Then they talk talk talk and mentioned about over trade. Well, these terms starting flying around in my head and i was wondering what are those? Help?
Filed Under: Buying New Car
About the Author:
its the value of your car and how much you still owe if you owe more then it is worth your upside down if you owe less your over trading watch your self and the sales man read all the paper work and dont take the frist offer hold out the price can come down