I have a 2014 Ford Focus Hatchback SE. I still owe about $14000 on it, I haven't had it for that long, but I'm looking to trade for a 2016 Hyundai Elantra at this dealership that is selling it close to $11,000. I did some research and trading my car in, I'd get between $5500 and $7600. But this dealership, I've bought from them before and I was told because of that fact I could get up to $5000 off whatever I decide to buy. So if, for example I trade in for something that's $10,000 and get $5000 off = $5000 for the car, plus what's left from my trade to add up to $12,000. Is that how it works? Cause idk
Read more: Does Negative Equity work like this?
