You guys are absolutely right and I mis-stated a couple of the aspects of the loan. Yes, they would pay off his loan principle on the trade so he wouldnt take the full interest hit on a trade.
For the love of God, this is NOT HOW IT WORKS! You do not owe the total interest fee when you trade in a car that you are still paying on!
Take a breath Humperdink, you dont want a to cause yourself a hernia.
I acknowledged I was mistaken in my earleir post.
2011 Mustang GT M6 3.31s
Matt HONEYCUTT Tune, Lethal Off-Road X, GT500 axlebacks, J&M LCAs, UPR UCA, Whiteline LCA relocation brackets, Eibach Pro-Kit Springs, Koni STR.T shocks/struts, GT500 strut mounts, SR Strut Tower Brace
Best 1/4 E/T (05/18/14 MIR - no tune, X-pipe, or UCA): 12.920 @ 109.40 mph (2.059 60ft)