"Can I trade in a Nissan Altima that I am still financing? "

"I bought a 2018 Nissan Altima six months ago and am really unhappy with it. I currently owe $18,000 on the car, but would like to trade it in for a better model. Is this possible, and does it make financial sense?

"

Answer
“It is absolutely possible to trade a car in, even if you still owe on the car. However, it doesn’t always make financial sense to do so.
The current average trade-in value for a Nissan Altima with 30,000 miles on it is between $19,000 and $22,000, so you shouldn’t run into any issues while trading in your car for another one. But depending on the value of the car you are looking to trade in your Altima for, you should be prepared to put some money down. “
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Johnny Puckett
Answered on May 05, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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