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Do you trade it into the dealership or privately sell it?
While theres no clear-cut answer, there is helpful information to arm yourself with before heading to the dealership.
Do the Math
Oftentimes, the decision comes down to whats best for you financially.
That savings has to be more to make trade a better deal.
Do your research to find out the current market value.
However, it will make your new car payments even bigger.
Its essential to recognize the difference between your cars trade-in value and your remaining loan balance, per Dillan.
He added, Financial advisors say its important to know your loan payoff balance before going to a dealership.
However, there is more work involved.
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