I've gotten numerous offers from car dealers in the past to trade in my used vehicle for a new or a [newer] pre-owned vehicle "while keeping my monthly payments the same." They also say that I can trade up for no out of pocket expense.
This seems like they would have to simply give people a really long term on the loan in order to finance the higher value. (More payments...more interest overall.) Can anyone with experience explain how this kind of deal works? Something tells me it's not in my best interests.