Torque and Chrome

how do I sell or trade my 2005 mustang?

I owe $18,000 on my 2005 mustang and am trying to get out of the payments as Im changing jobs. I am willing to trade down and understand I am loosing all the money I have paid on the car. I have added all kinds of extras (chrome wheels, real duel exhaust,GT style fog lights , ECT) Is there any way a dealer will take this in trade even if I reloan on a cheaper car from them knowing they can sell the car at a profit ? Thanks Rudy. Ya I said when my daughter turned 21 I would buy myself a toy and it was fun for a year but now the payments are killing me. I just put it on ebay. I was hoping a dealer would take it in trade and I would came away with a older not as nice car and they could make there money on both cars. My own fault I guess. I still see these cars selling for $15,00-$20,000 so i hope when people see the pictures on ebay and see al I have done to it someone will buy it. How do I sell it if the bank has the title?

Public Comments

1. You can trade it in and roll the difference into the next loan, within limits. You will be better off selling it directly if you can. That's still a desirable car, but it's tough to sell because the factory has made the deals on brand new cars so attractive. You're not the only one in this mess. Sorry.