I was in a no fault accident, and my side of my car has some damage about 900$ worth. I can't afford to get it fixed right now, im having a baby! So i was wondering if anyone knows if i could use my car as is to trade in for a new vehicle that has more room for children! Oh by the way my car besides the damage is a 2004, with only 30,000 miles. So it still is pretty new!
2007-01-23 14:15:31 · 6 answers · asked by Mrs. Novak 3 in Cars & Transportation ➔ Buying & Selling
The value of any car depends on the physical and mechanical condition of the vehicle, and the supply of and demand for that model!
Seeing as your car has some damage, you will get less for it that you would if it was in perfect condition, but it still has value. The question is do you owe money on the vehicle, and if so, how much? You may owe more than the car is worth, and if that is the case, it would be better to keep it and pay the loan down, Trading in a car that is "upside down", meaning that you owe more than the current value, means that you either have to finance the balance on top of the price of the new car, or pay the difference. Neither choice is a good one.
Good luck and congrats on the little one!!
2007-01-23 14:35:39 · answer #1 · answered by fire4511 7 · 0⤊ 0⤋
Honestly hon no you would not get more than half or a little less than what you paid according to the milage and year its 2007 so a 04 car which has been damaged would not go for a lot.. im sorry but i think if your insurance covers repair and you get it fixed carmax has a lot of good used cars for under 10k minivans and suvs under 10k they are willing to buy or trade your car if its some what acceptable because the fix it.
http://www.carmax.com/dyn/usedcar/usedcar.aspx
2007-01-23 22:22:00 · answer #2 · answered by abhimara99 2 · 0⤊ 0⤋
Sure, but they will deduct for the cost of repairing the damage. Since it's a 2004 model, you should have insurance coverage on it and should file a claim with your insurance company.
Truth is, most used cars have some minor damage that the dealers will fix before the sell it. They always deduct for this damage.
2007-01-23 22:24:21 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You could trade it in. Yes they will deduct for the damage. The mileage on your car is average so you would not get more for the mileage unless it was low mileage, like 12,??? miles for example. vMy suggestion for you is to either spend the money to have it fixed and sell it yourself. Or sell it like it is. DO NOT trade it in. Always sell it yourself. You will get more for it that way than trading. If it was worth say 6 grand without damage, you could sell it yourself for say 4900-5300 yourself. If you traded it in they would only allow you around 3800 or so for it. With damage it would be worth considerably less. If it is worth 6 grand without damage. But it has $900 in damage they would only give you about 1800-2100. Now with it being worth 6 grand without damage ,then its value with the damage with you selling it yourself ,you could get say around 3500-4000. Go to Kelly Blue book on line. It is KBB.com . Do a look up for your car and be honest on the conditions . Find what it is valued at. and take about 20% off that considering it has the damage. That will be about what you can get if you sell it yourself. Also check the trade in value and take the same 20% off and that is around what you would actually get on trade in for another car.
2007-01-23 22:42:23 · answer #4 · answered by certhughes 2 · 0⤊ 0⤋
Yes yo can trade it in, but you will get the shaft more than normal because of the damage. They will give you a low amount for it, and then take it to the auction or put it on a used lot and make alot more money than they gave you for it. I guess that is what they are in the business to do though.
2007-01-23 22:34:43 · answer #5 · answered by 96 chevy 2 · 0⤊ 0⤋
yes you can trade it in on something else. But the bad thing is they are going to take off what they are going to give you b/c of the dent.
2007-01-23 22:21:10 · answer #6 · answered by ? 4 · 0⤊ 0⤋