But not a GXP
Ms. Sixty: The other thing to keep in mind, is how much you still have on your loan. If you purchase a new[er] car, and you get $2,000 for your Explorer, and you still have $3,500 on the loan, then not only do you have to pay the loan on the new car, but you still have $1,500 remaining on the Explorer payment. I'm sure you already knew this, but you have to be prepared to get less than your Explorer debt.
A little trick dealers around here play, is they have those magical 'black books'.. well they have a cover for every day of the year, so when they pull it out, they are like "Hey, look we just got these, they are the most up to date figures you will find anywhere." When in reality they are just a year or two old, with some fake *** figures. Don't ask how I know this.
You may be also to play with some of your figures. Some dealerships are nice, and flexible.. you may be able to run into one of those.. if you do, here is something you could probably pull off. Let'* say the dealership will give you 75% of what you have left on your Explorer loan. Well, let'* say you had your loan on the Explorer at 7% fixed rate. And the Bonneville would have 6%. Well, you just ask if you can get the 25% left on the Explorer loan, and add it to the total loan on the Bonneville. Esentially borrowing againts the Bonneville Loan. Most dealerships will not say no to this, because this increases their commission, the interest that they will now pocket, and they sell a car that probably wouldn't have sold if the circumstances were different.