I believe i may have phrased my previous question incorrectly.
Ok my car is a 2001 ford taurus sel with 71k miles.
My co-worker's car is a 2007 honda civic coupe ex with 19k miles. Both cars are automatic. He cannot afford the payments, that is why he wants to trade.
Note: His front bumper is scratched up pretty badly on the left side, I was told that it would cost $200 to get it painted, but I'm not sure if that's an accurate figure.
He currently owes $11,700 on the civic and he just wants us to trade cars, i give him no additional money, and he gives me no additional money.
Basically I lose my car and I still have to pay $11,700 for his car. Do you still think this is a good deal? If so could you please advise me as to where i can get his car refinanced or if i should just try to buy it cash?
thanks in advance for your time
Ok my car is a 2001 ford taurus sel with 71k miles.
My co-worker's car is a 2007 honda civic coupe ex with 19k miles. Both cars are automatic. He cannot afford the payments, that is why he wants to trade.
Note: His front bumper is scratched up pretty badly on the left side, I was told that it would cost $200 to get it painted, but I'm not sure if that's an accurate figure.
He currently owes $11,700 on the civic and he just wants us to trade cars, i give him no additional money, and he gives me no additional money.
Basically I lose my car and I still have to pay $11,700 for his car. Do you still think this is a good deal? If so could you please advise me as to where i can get his car refinanced or if i should just try to buy it cash?
thanks in advance for your time