It's called a trade-in value for the 2006 model. It varies by where you live. In the U.S, you can use kbb. Com to determine your car's value. That value, minus what you may owe on the vehicle, is removed from the price of the new vehicle.
So, if the 2006 is worth $15,000 US, and you owe $1,500 on it, $13,500 will be subtracted from the price of the new vehicle, say $35,000 US, making a total cost, before taxes and other charges, of $21,500 US.
November, 10, 2011 AT 4:10 AM
I was thinking maybe he is referring to a lease deal?