So i was sitting around pondering today, and the thought came to my mind that now that i have a better job, i could technically get the truck i wanted to begin wtih. ) Last year i bought a 2009 jeep liberty, new. Its not a bad vehicle, but i love trucks... I wanted the new body style silverado 1500s every since they came out but could not afford one at the time of buying my jeep with my crappy part time job. So today i randomly went to chevy dealership and the trade in value for my car depending on what they appraise it for, is $15-$18,000. Now i got an amazing deal on the car, and when i bought the jeep i got $7500 off it, so after taxes the thing was only $22k. I owe $10700 roughly, after the payment this month. So basically all the long unnecessary story above, im debating trading her in towards a new 2010 silverado extended cab, base model (not the work truck) I have an appointment to meet with the salesman to talk in detail monday ( i was there 10 minutes today) and thought i would get some background info to come with me. I believe the way it works is that if i owe $10000 and i trade in for $15000, i get $5000 towards the new vehicle as a down payment or something but i don't know fully how that works yet. If thats how it works, then i would be dumb not to trade the car in because i come out on top $5000-$6000 ahead, which means all i paid for the jeep over the last year, was 270 a month, basically turning it to a 1 year lease. (i put down $6000 when i got it, so if i get that back im golden) Can anyone give me opinions on how they like their silverados? Is there any reason to look at the sierra over the silverados? Am i dumb for buying one of these if i really dont need it for anything but driving around.