How does trading in a car work? When you own your car outright, the process of trading in your car is simple: The trade-in value is deducted from your next car’s price. You then pay the remaining amount owed for the car with cash or with an auto loan— or both. If you’re dow...
We had two cars and one truck, a mortgage of about 95% of the value of our property and hardly any savings for a rainy day since it seemed to be raining every day….Long story short we no longer subscribe to that lifestyle, have next to nothing in debt, savings for many rainy ...