supa2001
Well-known member
- Joined
- Oct 8, 2024
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- 98
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- Location
- Dallas
- Vehicles
- Cybertruck AWD, KIA Carnival
If I trade in, would the 70000 go towards the car or paying off the loan first?You lose 21k, yes. then you have to calculate the interest you will be paying over the remaining life of your current loan and subtract that if you are getting 0%.
I don’t know what teslas policy is regarding transfer because I traded for another foundation series that came with FSD but in my case the interest saved moving from my prior loan to Tesla’s made the trade almost a wash.
Except for it also included free supercharging and a new odometer/tires.
Basically, it’s an oversimplification to ignore the loan terms if you’re financing.
If I can't use the trade in to pay off the loan, then I need to come up with 91k cash? Not much saving on the 0% then?
Also, does the trade in erase the 5000 down payment required or I still need to pay 5000 down?
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