Quote:
Originally Posted by natahoa
I own the car and have a loan. Monthly payment is $1,200, so I’m coming up on $2,400 in payments with no car to show for it.
If I traded it now it would prob cost me about $10k. In another year, the value would be closer to the remaining loan. But I plan to talk to some dealers and see what they can do for me. Then I can decide on the timing of a trade.
I am in the US. I’ve only experienced braking intervention once, at driving speed going forward. Clearly it doesn’t work at slow speed in reverse.
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Traded two 2018 Q7s, one with less than 2,000 miles and one less than 15,000, for 2020 BMWs. Took about a $50k bath combined and worth it, to me. Your mileage may vary. Going in reverse and trading out of BMW for a less expensive car may mean less out-of-pocket for you, but you will take a depreciation hit on a new car.