Trade-In question

[SzMchFrLv]

I was on the same boat as you but its a 10 yr old car, not loaned one.
Toyota won't offer trade-in for old cars and what the appraiser did is to contact their buy n sell partner and negotiated a price.
At that time, malaki offer para ma trade ko into Innova G AT (Im eyeing this unit at that time).
But my heart was rooting for Montero, was trying to find way to check sino na contact niya na buy n sell but to no avail, failed.

Sa case nyo po, I think the best is to let someone assume the unit for you with a loss of course (possibly bye-bye downpayment).
Not sure though if ma affected ba credit rating nyo rito.
Then if done, kuha nalang new unit via bank pa din if hindi maaffected credit rating nyo sa assume transaction.

Thanks for the info. Yes I believe yung program ni Toyota is for 5yr old car and below.

That is actually our first option, as per my brother, kahit mabenta niya daw na pang DP kahit konting sobra for the new car his eyeing for, I said nga na sayang naman yung 2 years na binayad mo. Actually may tropa ako na account officer sa bank and he said na medyo risky daw if hindi mo kilala or hindi ka tiwalang tiwala dun sa buyer as kapag daw hindi nakapagbayad yung buyer or tumakbo is sa amin pa din ang habol ng bank, medyo rare din daw na pumayag si bank sa ganyang transactions-something like breach of contract. and new approval daw yun for the buyer if incase they approve.

Thanks anyway. I hope you get the montero!