I have a 2006 car, i haven't been happy with it from the start, i called the dealership 3days after i got it and asked if i could take it back i was told NO! Well a year has passed and i still don't like it, is there a time frame to trade in? the dealer told me 3yrs. then i could trade it in, he said give it some time and you will get used to it, bla, bla, bla. I just can't see me keeping it another 2yrs. any help would be great.. Im in Ont Canada. thanks
2007-10-09 01:01:13 · 5 answers · asked by rsma_f 1 in Cars & Transportation ➔ Buying & Selling
The longer you hold the car the greater the depreciation. The greatest fall in value is in the first year or so. If you really want to get rid of it and get the most money go for private sale. You will get more money than a dealer will give you. Then you go for cash purchase of another car and can drive the price down for a clean sale with no trade - Dealers love that because they don't have to worry about reconditioning your old car.
2007-10-09 01:06:28 · answer #1 · answered by organbuilder272 5 · 0⤊ 0⤋
If you did not like it why did you keep it past 3 days? You can always have a change of heart and take a car back... unless they had to buy a special car from another dealer... That said avoid being upside down in your next car loan do not add any unpaid ballance to your next car loan. Find out what the pay off is and do not accept less than that at trade in time. If you cannot get pay off money and more you will have to make extra car payments to get your unpaid ballance low enough to justify taking on another 5 to 7 year car note. Add unpaid balance is what they will want to do to you and in the event your car gets totaled you are stuck paying a second loan. Most time at a higher intrest rate. You might owe 19,000 dollars on a 2006 Hyundai that no will buy for more than 10,000 dollars That can really kill the next car deal.
2007-10-09 01:17:10 · answer #2 · answered by John Paul 7 · 0⤊ 1⤋
There is no real time limit but if you buy it one day as a new car and then trade it the next day, it is now a used car and drops dramatically in value no matter what the mileage is.
After three years, the depreciation has caught up with what you owe and you can at least break even.
2007-10-09 01:07:27 · answer #3 · answered by Jody D 6 · 0⤊ 0⤋
The dealership should have not told you no. They're is a 3 day return period on car sales. And they shouldn't be telling you to "get used to it" its not their car and if you dont like it you have a right to trade it in. You can trade in a car anytime you want but it depends on how much you owe to what its worth and what your credit score is. Go prepared and do your homework. Know how much your car is worth and what the ten day pay off amount is. Stick to your guns on what price you want and dont be afraid to walk away.
2007-10-09 03:03:40 · answer #4 · answered by ♥Kempa♥ 4 · 0⤊ 1⤋
YOU CAN DO WHATEVER YOU WANT AT ANYTIME SO IF YOU WANT TO TRADE IT NOW JUST DO IT.
2007-10-09 01:22:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋