I want to trade my 2007 GMC sierra for a cheaper Car?

[Juan L]

hi I need to know if I can trade my 2007 GMC Sierra for a cheaper car now this truck is in excellent conditions it has 50,000 miles and I still have a balance of approx $18,000 and due to financial difficulties I need to get rid of it I was thinking about trading it for a cheaper car but don't know my pros and cons I don't want to be upside down if you know what I mean

Thank You Much

 

[Molson02536]

hi I need to know if I can trade my 2007 GMC Sierra for a cheaper car now this truck is in excellent conditions it has 50,000 miles and I still have a balance of approx $18,000 and due to financial difficulties I need to get rid of it I was thinking about trading it for a cheaper car but don't know my pros and cons I don't want to be upside down if you know what I mean

Thank You Much

You have way to much oweing on the Sierra right now, yes you can get a cheaper car but your still going to be paying on the ballance that is oweing on your truck. The only way out is for you to sell the truck with out a negative ballance, good luck and hope you can find a buyer for what the Sierra is worth.