I just bought a car and im not satisfied with the performance do you think its to early 2 trade it in?

Question

i've had the car about 6 months
the cars performance is not what I expected it to be

Answer 1

Some would say its never to early to trade it in! First you need to see how much your car is worth, check www.kbb.com and check the trade in value. Next check with the dealership you want to trade with and see how much they will give you for it, compare that cost to the amount left you owe on it, and if it is the same, trade. More than likely, if you didn't put a big down payment on the car you're currently driving, you will be upside down and owe more than the car is worth. In that case you will either have to pay more cash out of your pocket to trade, or find a car that has a great resale value, for a good deal, and have the difference added to the car. Hope this helps!

Answer 2

You can, but be prepared to take a financial bath. In several ways.

First off, if you put little or no money down the car is going to be worth several thousand less than the loan balance. You'll either have to come up with that in cash or add it on to the note of the new car. If the shortage is too large you may have to pay off a chunk and finance the rest.

The second issue ties directly into the first. A car loses 10% of its value as soon as you drive off the lot. And that's for something that holds its value well like a Toyota or Honda. If it's a Dodge, Ford or Chevy, it may lose over 15% right off the lot. So even if you paid cash for it you'll be taking a financial bath by trading it in.

Next time, go for a proper test drive. There's no law that says that a test drive has to be 5 minutes in a rush hour traffic jam. Take it through its paces on all types of roads from city streets to country roads and highways. A proper test drive should take you 45 minutes at the very least. Tough twinkies if the salesman doesn't like it. He needs your money a WHOLE lot more than you need his car. Let him wait for it -- and earn it.

Answer 3

You are going to lose money on the deal. You probably owe more than the private sale or trade-in value on the car.

Answer 4

Did you buy it new? Have you gone back to the dealer to see what it would cost to trade for a different one of the same make? Then check out some other makes and dealers and see what they offer you.

We looked at Chevy's and Subaru's and when the Chevy dealer offered me 2K for my Honda and the Subaru dealer offered me $5K and the price was $3K less for the Subaru it was a no brain er! You just have to do the homework -- try at the end of the month when they are trying to meet sales goals.

Answer 5

it is a bad idea to trade in a car that you just bought unless you are willing to loose allot of money

Answer 6

We need to know what kind of car, whether you bought it new etc.