New Cars For Sale in Southern NM Used Cars For Sale in Southern NM How to Trade in a Car You Owe Money On Sometimes you're ready for a newer, more reliable vehicle, but when you check your loan statement you find that you still owe more than your current vehicle is worth. Being “upside down”, or having negative equity, is something that occurs to millions of drivers every year because of rapid depreciation, longer loan terms, or smaller down payments. However, having negative equity doesn’t mean you’re trapped with your current vehicle, as our team at The Sisbarro Dealerships is fully capable of breaking down simple strategies and outline a practical plan on how you trade in your vehicle smoothly. Learn How to Trade in a Car with Negative Equity in New Mexico Simply put, negative equity means you owe more on your auto loan than the vehicle is currently worth. For example, if your car has a market value of $14,000 but your remaining loan balance is $18,000, you have $4,000 in negative equity. It’s a very common situation to find yourself in, usually caused by a few key factors: Longer Loan Terms: 72- or 84-month loans mean paying principal down much slower in the first few years. Low Down Payment: Rolling off the lot with $0 down means starting behind vehicle depreciation curves. Rolling Over Previous Loans: Carrying over debt from an earlier trade-in. 4 Smart Strategies to Trade in a Car with Negative Equity There are a few simple paths a buyer can take when trading in an underwater vehicle, such as: Roll the Balance into a New Loan (With Cautious Strategy): This is when a dealership adds the remaining negative equity into your new loan financing package. Look for pre-owned vehicles with substantial price discounts or high manufacturer rebates on new models to help "absorb" the negative balance without blowing up monthly payments. Cover the Equity Gap with Cash Out-of-Pocket: Pay down a portion (or all) of the negative equity gap upfront using savings, a tax refund, or a cash trade allowance. Utilize Sisbarro’s Top-Dollar Trade Appraisal: Getting an accurate, competitive market appraisal for your current car reduces the equity gap right from the start. Delay the Trade & Make Accelerated Payments: If the gap is too large, make bi-weekly or additional principal-only payments for six to 12 months to bring the loan balance closer to market value before trading. The Sisbarro Solution: Extra Effort Financing & Top-Dollar Trades When you shop with a Sisbarro dealership, trading in an upside-down vehicle becomes much simpler. Not only do we pay top dollar for any pre-owned vehicle you sell us, aiding in shrinking the negative equity gap, our relationship with a vast network of national and local credit lenders allows the team at our finance centers to more easily restructure loans for buyers carrying negative equity. Our bilingual financial specialists can also provide guidance in both English and Spanish. Negative Equity Auto Loan Solutions in Las Cruces & Deming, NM Having negative equity doesn't mean you're stuck driving a vehicle that no longer fits your family or lifestyle. You can always use our online tool to value your trade with us and discover what your current car is worth in seconds. Don’t forget you can also get pre-approved for an auto loan at any of our Sisbarro locations, also from the comfort of your home. If you have any other questions about negative equity financing, contact us online at The Sisbarro Dealerships. New Cars For Sale in Southern NM Used Cars For Sale in Southern NM
Gas vs. Diesel: Which Used Work Truck is Right for Southern New Mexico?
Used Trucks For Sale in Southern New Mexico Where To Find Used Work Trucks in Las Cruces, NM From hauling livestock in Luna County to managing daily job sites across Las Cruces and El Paso, getting a powerful pickup truck for yourself is a must in Southern New Mexico. Shopping pre-owned is a great option for getting a high-quality truck at a reduced price, but one of the biggest decisions you may have is whether to get one with a gas or diesel engine. At The Sisbarro Dealerships, the team at any one of our used car dealerships can take you through the benefits and performance of each model, so you can be informed and choose the right model for you whether you need light-duty agility or heavy-duty towing. Pre-Owned Gas Trucks: The Everyday Workhorse Gas trucks have great versatility, acting as daily commuters and having the strength needed to easily handle light-to-medium job sites or weekend projects. These pre-owned models, like the Ford F-150, Chevy Silverado 1500, or RAM 1500, cost significantly less up front compared to diesel trucks on top of cheaper maintenance costs. Learn More About Used Vehicle Maintenance in Las Cruces When Gas Might Fall Short A gas engine for a truck is versatile, but not always the best option. They have reduced fuel efficiency when towing heavy trailers long distances, as well as less low-end torque when pulling their maximum capacity up steep inclines. This can make handling steep terrain like that in San Augustin Pass a real hassle. Pre-Owned Diesel Trucks: The Heavy-Duty Desert Hauler A used diesel truck delivers even greater power, providing excellent options for hauling heavy machinery, large trailers, or boats. This makes them excellent for equipment contractors or ranchers, or just anyone that expects to perform long-distance highway towing. Their massive low-end torque allows them to handle the heaviest of payloads and steep desert grades without straining the engine. Their heavy-duty components are even designed to last well beyond the 200,000 to 300,000 mile range when properly maintained, with some specific models that have diesel powertrains including: RAM 2500 GMC Sierra 2500 Ford F-250 These models overall display surprisingly great fuel efficiency, even under heavy loads on long highway stretches like I-10 or I-25. Apply For Financing When Diesel Might Fall Short With their increased power, diesel models have a higher upfront cost, as they hold onto their value exceptionally well. Additionally, fuel and maintenance costs can be higher compared to gas engines. What is the Best Pre-Owned Truck For Southern New Mexico Roads? When it comes to handling the heat and terrain of New Mexico, both gas and diesel engines have their merits. Both can endure 100-plus-degree summer temperatures, provided their cooling systems and radiators are kept in top shape. Furthermore, both hold their value well, making a trade-in down the line very lucrative. However, diesel turbochargers do maintain power at higher altitudes better than gas ones, so if you often go to locations like Ruidoso or the Lincoln National Forest a diesel truck may be more your speed. Value Your Trade Schedule a Test Drive to Find the Best Towing Truck in New Mexico If you need an affordable daily driver with solid utility, a gas truck is the best move. However, if you regularly haul heavy loads across New Mexico highways, a diesel is worth the investment. You can always take advantage of the Sisbarro Certified Pre-Owned advantages to get your hands on a reliable vehicle with an effective warranty that gives you peace of mind on the road. Get a better feel for one of our pickups by scheduling a test drive at one of our used car dealerships in Las Cruces or Deming, NM. If you have any other questions about gas vs. diesel towing or what other features make these vehicles worthwhile, please contact us online at The Sisbarro Dealerships. Used Trucks For Sale in Southern New Mexico