In effect they will give me a check when I buy the car (for the difference)
2006-08-25 04:51:05 · 7 answers · asked by eightperhour 1 in Cars & Transportation ➔ Buying & Selling
Technically yes.
However the car you're trading in will be graded on a different scale than the one they are selling.
The car they are selling has profit priced in. They are not going to allow for that on the car you are trading in. They are also taking risk(same as you) on the quality, any problems and sellability(not sure if that's a word) of the car you are trading. Risk translates to less money for you also.
Unless the difference is huge don't expect to make any money.
Check out edmunds.com or kelleybluebook for the differences of trade in value vs. buying used from a dealer.
2006-08-25 05:06:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I would reccomend selling the car on autotrader (www.autotrader.com) or another website privately. When trading in, the dealership is going to screw u over in the long run. They give u a lot less then your trade is worth so they can turn around, sell it, and make more money off the deal. If u are trading up, its not alwasy a bad deal to work with the dealer, but since u are trading down, i would try and sell the car.
2006-08-25 07:50:16 · answer #2 · answered by that_one_guy 3 · 0⤊ 0⤋
hahaha. Used car dealers are most of the time just looking to screw you over. They can give you a check for the difference but most of the time they'll say that your vehicle isn't worth enough money and you end up owing them a little bit of money. To check to see what the trade-in value is on your car go to http://www.kbb.com The trade-in value is a lot different that retail value, sometimes as much as $6000 believe it or not. All I can say is negotiate with them and don't trade if you don't get the deal you want. Take your business somewhere else until you get a great deal.
2006-08-25 04:58:44 · answer #3 · answered by Anonymous · 1⤊ 0⤋
They will only take a car in like that if you have the car professionally appraised. Then you have to get a car that is at least the same worth or more. Otherwise you need to sell your car and then go get the car that you want.
2006-08-25 04:57:48 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Of course they can.
I've done it many times
2006-08-25 05:04:37 · answer #5 · answered by Vicky 7 · 2⤊ 0⤋
Sure
2006-08-25 04:57:59 · answer #6 · answered by woodluvto 2 · 0⤊ 0⤋
I've never done it but I've heard of it being done.
2006-08-25 05:50:43 · answer #7 · answered by Papa John 6 · 0⤊ 0⤋