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??Ex Car Salesman Talks Trading Your Car When You Owe Money On It

GearWisePro 743 views

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Comment from : @GearWisePro

The story at starts at around 10 mins must be about Kia 😠😠 bc that’s exactly how they got a few of my family members unfortunately smh 😢
Comment from : @5thelementxoxo485

What about a car lease?
Comment from : @_1Brick1_

When you drive a car off the lot it goes up in value, it just depends what side of the fence you're on
Comment from : @bassw1758

Say boss what if im getting offered for my car to be paid off and start fresh Or is trading it in putting towards vehicle a smarter idea? Thanks sir
Comment from : @alfredoolvera2469

Man buying cars feels like a big ass scam
Comment from : @alexiarodriguez5974

i thought this was gilbert arenas for a sec
Comment from : @omartorres6002

So would it be right better to lease or to buy if you're going to trade in on an upside down car
Comment from : @CharlieJohnson963

So if I have a trade in that I’m upside down on does the other advice you/he gave about holding off on disclosing about your trade in still apply or should I let it be known in the beginning? brbrSomebody help…I’m just a girl 🥴😅
Comment from : @EverydayGworl

U worked in the Philly area and had an ad to work with people with bad credit, you had to work at value Kia or Danis auto
Comment from : @taalibwadi4491

QUESTION: If I roll in to a three year LEASE CAR $15 - $20K Is this a good way to get into a lease car and get rid of neg equity car?
Comment from : @271830066

So what should I do? I Owe $7K but the car maybe worth between $3k or $4k The car need engine workmaybe $3k worth and my credit is not great I literally live 5 minutes walking from work Any advice? Buy used, surrender, trade in or get rid of it?
Comment from : @LogisticsPR-ut9du

Just subbed up Much appreciation to you Brother Rodney 💯
Comment from : @thehawktv3339

What about the statutes that they say you are not supposed to pay a down payment
Comment from : @pacitataylor1079

Thank you !!! This is really useful information!!!
Comment from : @End1essnightss

You're not always upside down That's why I always put up a huge down-payment of at least half to 75 of the value if I can't pay it all in cash So if I do finance it's only a small amount
Comment from : @jarredf30

This guy is horrible at exploding how car prices worksmfh you can tell he’s broke brSave your money, buy in cashsimple
Comment from : @Kingtattedsr

What if you’re trying my to trade a newer car( which cost more) for an older car which cost less how would that work and how would the car payments go?
Comment from : @GoldNPieces

What if you’ve only been paying on it for 4 months how would that work? Asking for me
Comment from : @GoldNPieces

I have a truck that right now that by December I’ll owe about 28,780 on it My payments are 621 right now and I just really don’t want to make those kind of payments anymore I want to get a car that’s around 20,000 My appraisal says my truck is worth 23,000 If I put a 2,000$ difference on my negative equity and they transfer the rest over Is this going to lower my payments or is that not possible Anything helps !! I’ll be 21 this year and I really need advise
Comment from : @zaniahmerentis613

My question is that my car is leased Can i still try to get a trade in cost for it? And since my car is in excellent condition (yes actually excellent, no dings, nothing And literally under 15k mikes I know the trade in value So if they offer me 12k and I accept a larger amount can it go towards the car i would be leasing?
Comment from : @ronaldcarnevale3424

I have a question what if you had your car for 3 years and you stop paying on it for 7 months you called the bank told them come get it it's been 7 months no payments but you turn around and wanna keep the car how do you go about that because they won't come get the car I'm asking for a friend
Comment from : @AltoFelderjr25

Thank you bro I needed that
Comment from : @dixonsfamilyvlogfamilyfirs1748

I’m in negative equity Can I still get a used car
Comment from : @danielkrause5285

That is one wild story you told! Forget that the customer was a straight idiot but that has to be illegal on the part of the dealership and Very unethical! As soon as you asked me if another family member needs a car, I would have said “ I sure they do and I’ll give them your number after I get mine 😂” Beside the audio issues the video was great and more people need to know these things I will work the crap out of a sales advisor to get the best deal and leave if I think I can do better Keep up the great work!
Comment from : @performingspecs7841

thank you
Comment from : @siciliajimenez248

This helped me TONS! Ill just stick to my car, I dont need an upgrade that bad haha!
Comment from : @ItsKashJ

Very informative video
Comment from : @keliabaldie8347

❤
Comment from : @otisboyd-wl3do

Thank you for the advice 🙏🏾
Comment from : @shannett9

Mayor of Yappington
Comment from : @edgartovar2200

A vehicle is something you consume It’s an exspence
Comment from : @paulradice3534

If you go this route will they still be asking for a down payment
Comment from : @garterhead3831

😅😅😅😅😅😅
Comment from : @dbizzleofficial1459

💯💯
Comment from : @Tdot11

What if I don’t have a down payment? Can me trading in the car not be enough?😅
Comment from : @Yes-dy3nx

Appreciate it!!
Comment from : @codyharris6708

Just jump to 2:00 He keeps repeating himself
Comment from : @rickyfontaine9113

Thank you for this
Comment from : @ryanap

Is it a bad idea if you still owe 10k on the loan ?brI got a 10 Lexus es 350 kind of want to get a different car because how its been driving and i already been putting money into it on top of the minimal payments smh The dealership sold the car without it getting serviced wasnt told until afterwards And bumped heads because someone had worked on it and not them Its all bs that im now stuck with
Comment from : @1smae100

I’m getting distracted 😵‍💫Rodney you’re gorgeous man ❤️💋
Comment from : @Justmyopinion221

Not useful
Comment from : @albertogarcia6348

Come on tell us something we don't know
Comment from : @albertogarcia6348

Ok So my car paid off is $11,000 The dealership is giving me $8,500 for my trade-in vehicle Now, why do dealerships add the $11,000 to the new car I'm buying instead of negative equity of $ 2,500 on the new car deal Why I'm paying off for my trade-in into my new car when the dealer is the one that paid for the vehicle
Comment from : @TheGamer-eh2uz

Thanks Rodney for all your helpful info
Comment from : @lexxzus

How good of a deal is Leasing
Comment from : @michaelgomez7082

It seems like it makes most sense to keep the car and just get a second vehicle because you’ll be tacking on the remaining balance but you’ll still be paying for the old car…doesn’t make sense to do that
Comment from : @DreandLeahLIVE

Waste of time video
Comment from : @blaketademy2937

That two car thing happened to me in philly Did you do that to me ? 😢
Comment from : @standc5

Okay so Im currently in a upside down car loan I was sold a lemon by Toyota and in order to get out of that one, i had to roll over negative equity Im currently in a 2017 Honda accord Hybrid and that’s with Negative equity My issue is trying to get the payments lowered($687) If i could I would just sell the entire car to clear the debt but they’re literally only offering around 8k-11k So the only option i see is to pick up an extra job and start throwing money at the loan
Comment from : @quinnettsooreal3169

great advice💯💯
Comment from : @basilalkhalil219

The car market today is much different than it was 4 years ago
Comment from : @chevypreps6417

😅
Comment from : @fredco4495

Just ignore the poor financial advice from this videobrIts simple, just pay cash if you don't want to live a lifetime of debt, misery and enslavement
Comment from : @joshmonus

What if your planning to trade your current car in for a replacement vehicle that has a lesser value than your current car ex: Trading in a car that’s appraised for 12k by the dealer and you decide to get a car that’s 12 thousand dollars or less?
Comment from : @thereconstructionprojectll573

Thank you ❤
Comment from : @Carmen-r4w9d

I got a 2022 forte for 8k over msrp, it was a crappy time to buy a car and it was one of two left on the lot and I needed a car for work I want to do a trim upgrade and I know I’m going to be upside down a few k but atp I don’t even care, aslong as I can get a better trim model that I’ll be happy with I’m cool with the extra they tack on, it’s life, you should know you’re getting screwed the moment you walk into a dealership
Comment from : @alpha_6705

Very good 👍🏾
Comment from : @robertwhitehead8612

Does this apply to leases also?
Comment from : @user-pn9oz1gs2f

I'm 9300 to pay off I was going to trade was told that I need 3 to 4000 dollars to trade and a Co sign been had it seens 2018
Comment from : @cameronmitchell694

So if I owe $4000 and I can I get when I trade it in
Comment from : @vasquez8206

Can you believe that I tried to do this and they would not let me I owed 2k my car was worth 1k and they told me they couldn't put it on a new car Not like it was a ton lolat the time I didn't have a down paymentthey also had my wrong credit score way wrong brit was really odd They are for the people apparently but they really didn't want to work with me 🙄
Comment from : @thepsychicsleuth7

Would you answer a message on Instagram?
Comment from : @zonihdz8354

how can you volunteer a repossession if you feel the finance company and dealership was unfair to you?
Comment from : @peimeigoldenarmz8765

Can I do this and go into a lease?
Comment from : @imanijohnson4378

I appreciate the back story on the 2 car loan approval and behind the scenes look at how the financing works earned a sub
Comment from : @AnthonySantiago

This was very helpful Thanks!
Comment from : @francinefrancine6871

I got a lease car and it’s too high for me I can’t afford it $719 but they quoted me $800 I have excellent credit
Comment from : @niecyh2313

you said you were a rookie a billion times as of that exonerates you from scamming you knew what you all were doing
Comment from : @LA-wp2nv

I'm trying to trade my newer car in for an older one I have a 2017 challenger sxt and I am looking to trade it in for a 2005 mustang gt KBB instant cash offer listed my vehicle as being worth 18k but I owe 146k on it still The mustang that I am thinking about trading it in for is worth 134k Any thoughts on the trade in? And how would that work, would the dealer pay the loan and just give me the credit for the left over 3k-ish since it is worth 18 and the other car is worth 13 Just not sure how it would work since I still owe 14 on it
Comment from : @HelianthusNav

My current situation They don't even want to roll over the difference into the new car They want me to pay the equity as a down payment The whole was to trade in, why would I pay the whole equity as a down payment Example I owe 12k on my car, they giving me $5k so the want me to pay the whole $7k as a down payment The last dealership I went to wanted half down($3500) I don't know what to do because I do Uber & can't use my car in a couple months & I gotta work
Comment from : @stress2wealth

My car is worthe 24500 and I owe 15000
Comment from : @debyerickson7394

Bastard owner never pain me commission on any car sold After 3 months, I told him he could shove his whole lot up that small hole
Comment from : @wedjr97

Thank you for sharing that experience 👍
Comment from : @ReneAguilar1

Thanks man, appreciate ya,
Comment from : @jerryclark5689

👍🏽
Comment from : @darwinharrison4554

Yes it was thanks!!!
Comment from : @darwinharrison4554

I currently own a 2020 Chevy Camaro that has a value of $27000 However, I still need to pay off $12800 for it My intention is to trade it for a 2023 Cadillac CT5 Can you advise me on what to do based on your experience?
Comment from : @SM4YL-LA

Lol I’m used to trading with 2-5ETH back in the days Now it’s like hmmm, I should lower my risk with using less ETHguess what the CEO taught in jo me how to minimize my losses
Comment from : @PhillipsOwen-oy7pn

What if it has damage???
Comment from : @roywilliams9089

On point, thanks!
Comment from : @randomontario4414

Hello I have brand new Honda Accord 2022 with 3 k miles only ! unfortunately was involved in an accident ! Honda fixed the car paid by insurance By now I owe 30 k on this car in payments ! Should I keep paying this car at least for an year more, and trade in for a lower price car ,or pay the total right now to avoid more depreciation ? Ps : I have ways to pay off the amount owed ! br br br brReply
Comment from : @Mocker-you

Hello, I owe over $6000 on my car and I want to trade it in for older vehicle because the goal is for me to have NO payments My car is a 2016 Nissan Altima and trying to get at least 2010 Honda Any advice please
Comment from : @sgriffiths0280