Not sure where to post this so will try here.

I am looking into cars ATM & was crunching numbers with a car yard today.

I owe 14k on my current car. The car we are looking at is 38,990. They are willing to give me $9,500 as my trade in. Leaving $4,500 on my pay out figure.

Now the guy told me (knowing I need to pay out my car being 14k) that with 9 & half that would bring the new car down to 29490. Add the 4500 to pay out my car completely & I would then be borrowing 33990.
Following?...

Thats not right though is it? If they are giving me 9500 as my trade in, that isn't going to come off the new car's price its only going to go towards paying out my 14k that I owe on my current car. So really I would actually be adding 4500 onto the new cars original price of 38990, pushing the amount I need to borrow up 43490, right?

We can't afford to go that high. he has stuffed up hasn't he? We were going to go back in the morning to work out finance but its not worth the drive if I am right & stuffed up his figures...