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Wanting to trade in current car for something cheaper. How does this work? : personalfinance

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Financed a 38K truck with a 10K down fee at 3.44%. Presently have 24K left on it. Gasoline isn’t getting any cheaper and haven’t any use for a 4WD truck the place I stay. Plus insurance coverage may very well be decrease.

Been wanting right into a 28K automotive that’s far more gasoline environment friendly. I’m financed via USAA, how does buying and selling in work and will I be wanting into getting one thing cheaper? A decrease automotive fee wouldn’t damage.

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