If I take my 2000 4Runner, worth on Kelly Blue book as a trade in for $8,500 (it might even be less) and go and use it as a trade in for another vehicle say worth at least double...how does the equity thing really work in Florida...I know it says $1K worth of equity but was reading some previous posts and now I'm confused.
Would it be better to just drop the car for cash like at Carmax, take $800 and slap it down on a car I like? Then, will I be asked anything about the leftover cash?
I haven't filed yet but plan to by 10/15/05...are they going to look up titles and ask where my 4Runner went or are they just going to be concerned about the car I'm driving at the time of filing?
My mother (god bless her 79 year old soul) would help me with the payments. So I suggested something like a 1998 to 2000 mustang. She would've put it in her name & just let me drive it but with my record (past cocaine use back three years ago) her trustee said it wouldn't be a wise idea. But she will help me and that is a blessing.
Since I haven't filed I want to know if this is basically ok?
Would it be better to just drop the car for cash like at Carmax, take $800 and slap it down on a car I like? Then, will I be asked anything about the leftover cash?
I haven't filed yet but plan to by 10/15/05...are they going to look up titles and ask where my 4Runner went or are they just going to be concerned about the car I'm driving at the time of filing?
My mother (god bless her 79 year old soul) would help me with the payments. So I suggested something like a 1998 to 2000 mustang. She would've put it in her name & just let me drive it but with my record (past cocaine use back three years ago) her trustee said it wouldn't be a wise idea. But she will help me and that is a blessing.
Since I haven't filed I want to know if this is basically ok?
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