How to trade in my truck for a newer one?

I have a 2004 f150 truck, and i feel it's time to trade it in i hate ford, i wanted a ram or a silverado kinda was strong armed into buying this truck… It's financed by a local company i like, they gave me a good interest rate, i still owe about 4,000$ on the truck, but i want to trade it in for something newer, how would i go about doing this? I want to KEEP MY FINANCE COMPANY ON THE NEW CAR I PICK! So how do i go about doing this? I want to use my truck as a trade in for my down payment, and get a new truck with the same loan company that's financing my current truck. Is this possible?

Go to the dealer of your choice. They will figure out how to handle everything you want.

Seeing how 2004 F150s are going for $7,000 - 9,000, you will get about $4,000-$5,000 on trade in. Since you owe $4,000… Not looking too good for a down payment. But, go and talk to a dealer, see what they can do. Or, pay it off, sell it privately, then use the moolah for the down payment. Explore your options.

As long as your truck has a higher trade in value than what you owe on it, that money can be used as a down payment. If you want to use the same bank, you might contact them and get pre-approved before you go to a dealership.

No, it is not possible. The blue book trade-in value on the truck is about $4,000. Basically, you owe as much on the loan as the truck is worth. When you purchase with a trade-in, it all happens as one transaction, but I will break it down into individual transactions so that you understand how it works:
1. The dealer is buying the trade-in for about $4,100.
2. The finance company takes $4,000 to pay off the loan, leaving you with $100. ($4,100 minus $4,000 leaves $100.)
3. That $100 becomes your down payment on the truck you are purchasing.

You're not going to get a new truck for a $100 down payment. You will need to have a cash down payment.

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