i brought the car last year, it's a 2002 toyota Avalon xls, i want a 2007-2007 Camry
2007-04-20 08:10:18 · 7 answers · asked by Grey Goose 1 in Cars & Transportation ➔ Buying & Selling
When trading in your car you agree on a price then pay the difference. You only pay tax on the difference. Do not let the dealers intimidate you tell them your talking "difference" not the value you expect for your car.
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2007-04-20 08:20:05 · answer #1 · answered by Mr. T 7 · 0⤊ 0⤋
There are two ways to consider a trade...blue book or "whatever it is we'll give you "X" dollars."
You can win with either one, depending on the car, it's age, it's condition, and other factors as well...the big one being depreciation. As soon as you drive a (new) car off the lot, you loose 50% of it's value. Your $30,000 car is now only worth $15k. You then loose between 10 and 25% per year after that.
Wait 6 months to a year, then buy a lease return in good condition.
2007-04-20 15:18:43 · answer #2 · answered by jcurrieii 7 · 0⤊ 0⤋
When trading in a car, the dealer will do an evaluation on your car, say it it valued at $3000, and you want to buy a $16000
car, the trade value of your car ( $3000 ) would be taken of the new car you are buying ($16000) so you would be noe paying $13000 for the car, plus fees
2007-04-20 15:17:37 · answer #3 · answered by buster_medow 2 · 0⤊ 0⤋
It's real simple you take the car to the dealer. He then gives you about 25% of it's actual value and adds anything you still owe on it to your new loan. Sound good to you? Try selling the car yourself and negotiate the price of the new car. Never pay what the sticker claims as the price NEVER they will deal if they want to sell.
2007-04-20 15:21:10 · answer #4 · answered by WDOUI 5 · 0⤊ 0⤋
Trade in is basically, the dealership appraises your vehicle and they offer you what they say your car is worth. I fyou owe more than it is worth then you are "upside down" and the difference is applied to the cost of the new car. Like you owe $6,000 and the car appraises for $4,000 and the cost of teh new car is $16,000, well they would tack on that $2,000 difference making the cost of your car $18,000. If your car is worth more than you owe then they deduct that from your vehicle cost.
2007-04-20 15:19:55 · answer #5 · answered by britshearer 2 · 0⤊ 0⤋
way too long an answer for here. im for more detail
shop around. in town. out of town, out of state if necessary.
know what your trade is worth
negotiate for the best price, not the best payment
take someone along to keep you from doing something stupid
2007-04-20 15:20:00 · answer #6 · answered by oldsoftee2001 6 · 0⤊ 0⤋
go to www.adviceontime.com they have an excellent article that guides you step by step as to how to do the whole trade in deal.
2007-04-20 17:49:34 · answer #7 · answered by MI6 2 · 0⤊ 0⤋