I traded in my 2011 Impreza 2.5 Premium (27k miles) and for a 2005 4Runner Limited (V6, 118k miles). I bought the Impreza due to being a divorce and I had to trade in my '06 Tacoma that I had for 6 months and it caused me rolled over $,$$$ into the new loan. Well after 1.5 years and paying extra on the car, I paid down a good portion of the loan. But I wanted something more for me and I wanted something with a "cheaper" payments.
I purchased the 4Runner for "$14,000".
I still owed $18,000 on my Impreza and the dealer gave me $16,500 for it.
GAP, Tag & Titling (in MD you just pay the difference when trading in cars) was around $500.
In the end, I purchased the 4Runner for $16k and it reduced my payment by $100/month with the same amount of terms left as I had on the Impreza.
I purchased the 4Runner for "$14,000".
I still owed $18,000 on my Impreza and the dealer gave me $16,500 for it.
GAP, Tag & Titling (in MD you just pay the difference when trading in cars) was around $500.
In the end, I purchased the 4Runner for $16k and it reduced my payment by $100/month with the same amount of terms left as I had on the Impreza.