I bought a LEMON from BOARD FORD in Whittier CA. and it has given me nothing but problems. Would they let me trade it, I mean i'd still be making payments probably...
2006-10-09 08:09:23 · 10 answers · asked by monkeehugs 1 in Cars & Transportation ➔ Buying & Selling
I work at a new car dealer. You can trade in your current vehicle if you want. But they will also add what you still own on your vehicle, plus the new amount on the vehicle that you just bought. So basically you will be paying for a vehicle that you no longer own.
You may need to contact the dealer that sold you this vehicle. If you buy a used vehicle, you should expect some problems, unless you get a vehicle history report. Sorry. You should just keep what you have now and trade it when you get it paid off.
2006-10-09 08:20:52 · answer #1 · answered by blueroan2000 3 · 0⤊ 0⤋
Yes, most dealers will take vehicles in trade that you are still paying off, but usually only if the balance on the loan is less than the current value of the vehicle, or they may charge you the difference. Also, you will get a much smaller trade in value because the rest would go to paying off the loan. Another thing you might consider is checking out the lemon laws in your area to see if you qualify, and if so what the dealer is required to do about it. That might help you out more in the long run, or it might not. Either way, i doesn't hurt to check. Good luck!
2006-10-09 08:18:36 · answer #2 · answered by Jonathan R 4 · 0⤊ 0⤋
Yes you could trade it in only if it's worth enough over what you owe to give you a down payment . but find out in your area if CA. has a lemon law establised in yor state some states do
2006-10-09 08:19:42 · answer #3 · answered by tim p 1 · 0⤊ 0⤋
do not supply this lower back to the finance company. this is declared as a voluntary repossession and it is barely as undesirable as a generic repossession. regrettably you're caught with a undesirable selection you made once you initially offered the truck. You borrowed X volume of greenbacks and you owe the creditor X volume plus interest. they don't prefer your truck, in simple terms their income accordance the settlement. in case you do land up "giving" them lower back the truck, they'll sell it at public sale and doubtless get way under 21,000 for it. you would be in charge for making up the version. Plus you have a default on your credit and it is going to be very difficult to get financed for yet another motor vehicle or mortage for extremely a mutually as. Do in spite of you are able to save up with this very own loan. do not roll this debt into yet another motor vehicle lower back. you're growing to be a spiral of debt that has nowhere to bypass yet up.
2016-11-27 03:01:00 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yeah, but they will prob tack what you owe onto the new loan
2006-10-09 08:15:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes but any deficet you owe will be put on your new loan.
2006-10-09 08:11:23 · answer #6 · answered by bildymooner 6 · 0⤊ 0⤋
WHEN THE LORD GIVES YOU LEMONS, MAKE LEMON AID AND ENJOY IT!!!
2006-10-09 08:12:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Did they give you any type of warranty?
2006-10-09 08:30:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
gotta call and ask. every place is different
2006-10-09 08:10:30 · answer #9 · answered by ashley f 3 · 0⤊ 0⤋
YES BUT YOU ARE UPSIDE DOWN
2006-10-09 08:43:43 · answer #10 · answered by DAVID S 2 · 0⤊ 0⤋