I have the 2011 Fit sport, I paid $18K for it in april. Now there are almost 10k miles on the car.
I'm thinking to trade the Fit in for used Pilot. I need a 7seater. How much the dealer will give me. I still have around $13k on the loan.
Please give me some advice .
Thanks

 

Assuming its an AT and in good shape body wise (minimal scratches/nicks) you should have no problem getting $14k for a trade...

 

I bought a new 2012 Fit Sport (automatic) for $17,900 with no miles.

Based upon what a new Fit Sport can be bought for, I would guess that a used 10,000 mile one year old 2011 might retail on the dealer's lot for around $15,500. I'm guessing that a dealership will offer you $13,500 to $14,000 real money for it, since they will want to make some money on the car when they sell it.

If you still owe $13,000, looks like you have a very small amount of equity to roll into the used Pilot.

 

Did you check KBB private party? You'd be surpised what used Fits go for.

 

If I go trade in the fit to a Pilot. Do I have any benefit on the sales tax?
my friend told me I just need to pay for the difference more than the trade in value. is it true?

 

In Tennessee, you only pay sales tax on the difference. Don't know about New York. You might want to call your County Court Clerk or DMV.

 

Same here in Indiana. But some states find a way to make you pay.