We received an offer of $449/month 10k/39 mos with no down payment but $2,821 due at signing (which includes taxes and the first month’s payment) for trading in our 2023 Kia Carnival with 65,000 miles. We know we have negative equity since we still owe $29,000, while the typical appraisal ranges from $22,000 to $24,000.
I know the general advice is to avoid putting cash upfront and roll everything into the monthly payment, but doing so increases the payment by over $200. I’m getting much higher offers from others without even factoring in the trade-in.
Do you think this is already a good offer? We are in GA.
It’s difficult to give an opinion when the MSRP, dealer discount, and any rebates/incentives are unknown, as well as an actual quote for your trade in.
