I bought a car and they did not give me much for my trade. They kept my trade and gave me a loaner. The new car is not here yet. I have already gone through finance and signed power of attorney for them to pay off my loan. Is there a way to get out of the contract? Thanks.
2007-03-22 14:08:47 · 8 answers · asked by whowhat? 4 in Cars & Transportation ➔ Buying & Selling
I traded a 2003 Nissan Murano with only 47K miles. No dings or scratches and all the options. This was done on Saturday the 17th
2007-03-22 14:20:09 · update #1
Normally, you will never receive fair value when you trade in a car, you are much better off, selling it on your own. Since it's been more than three days, I think you are stuck, whether you've taken delivery or not. Unless you made a statement in the contract, that the sale depended on receiving your new car within a certain amount of time, and that time has passed, then you have what some call "buyers remorse". Next time you go car shopping, be strong and don't get talked into doing something that you know in your gut is going to cost you.
2007-03-22 15:58:02 · answer #1 · answered by fisherwoman 6 · 0⤊ 0⤋
Buyers remorse. This is exactly why you singed a contact with finance. If you purchased from a dealer, I doubt it. You costed them money by taking the time of the salesman and others.
In response to using KBB, it's crap. Dealers use a black book that has actual values of vehicles, KBB.org is a tool dealers use to make you think you got a good deal. Look into it.
2007-03-22 21:14:58 · answer #2 · answered by Jason h 2 · 0⤊ 0⤋
no if you signed the contract and power of attorney so they can pay off your loan...than NO. when it comes to trade values...it can "seem" sketchy...but for reassurance go to www.kbb.com which is where most dealerships use for trade in values (UNLESS you have an older junk car than they'll use galves a wholesale book), and look up trade value and under fair to good condition.
2007-03-22 21:13:56 · answer #3 · answered by Melissa T 3 · 0⤊ 0⤋
Dealers usually make more money in THIS way than they do on a new car. The give you next to nothing for your car, clean it up and sell it for a premium price. BIG profits.
2007-03-22 22:37:17 · answer #4 · answered by Trump 2020 7 · 0⤊ 0⤋
How long ago did this take place? Generally you have up to three days to back out
2007-03-22 21:13:15 · answer #5 · answered by ja man 5 · 1⤊ 0⤋
probably, but they could have sold your trade in already. so you are probably stuck. just enjoy the new car. i did and i got stuck too.
2007-03-22 21:21:05 · answer #6 · answered by oldtimer 5 · 0⤊ 0⤋
Most likely, you can, BUT it is gonna COST ya EXTRA.
2007-03-22 21:13:31 · answer #7 · answered by ButwhatdoIno? 6 · 0⤊ 0⤋
You got screwed then.
2007-03-22 21:13:49 · answer #8 · answered by Cdn_Superdave 4 · 0⤊ 0⤋