Trade-in?

[SyKo13 5,000+ posts]

Well, as some of you know my car (teh Maxipad) was in an accident, and I been thinking of trading it in since it's not the same no more....

I would like some explaining about how this trade-in stuff works.

ThxXx

Click to read more...

 

[9512ds 5,000+ posts]

they drive it around the lot and then kick your *** with a shitty low number...

nothing more to it really

 

[SyKo13 5,000+ posts]

they drive it around the lot and then kick your *** with a shitty low number...
nothing more to it really

Which means?

 

[Chevyaudio 5,000+ posts]

Try to sell it Privately...you will probably make out better.

 

[9512ds 5,000+ posts]

they dont give you blue book if thats what you are banking on...

 

[SyKo13 5,000+ posts]

Thing is I just wanna know how this trade in stuff works.

 

[Chevyaudio 5,000+ posts]

Ummmm. You go to the Dealership and they give you what they "believe is the value" of your car is. And that meager amount gets taken off of the principle of the car note. Unless you have a beater and they are having one of those "push pull or drag it in" sales. Trading in isnt really worth it.

 

[SyKo13 5,000+ posts]

If I still have payments of the car, how do I pay that off?

 

[9512ds 5,000+ posts]

it becomes negative equity and you will continue to pay that on toop of the new car

 

[SyKo13 5,000+ posts]

Can I make a trade in even though I owe money for teh car?

 

[SyKo13 5,000+ posts]

it becomes negative equity and you will continue to pay that on toop of the new car

So basically, you're paying 2 cars?

 

[Flipx99 5,000+ posts]

So basically, you're paying 2 cars?

that is correct is most cases. Sometimes the dealer will pay off one of the cars as a promotion.

 

[9512ds 5,000+ posts]

that is correct is most cases. Sometimes the dealer will pay off one of the cars as a promotion.

or if your trade value is more than the cars current lein, they will pay off vehcile a(your current ride) and then out the rest down on vehicle b (the new one)

 

[mattf 5,000+ posts]

So basically, you're paying 2 cars?

That's another reason why it is better to sell outright. You can use that money to pay the car off and only have to pay on the new car.

 

[Flipx99 5,000+ posts]

For some reason I bet he is upside down in this loan, meaning he owes more than it is worth.