[OT] trading in your car
03-21-2001, 07:02 AM
#1
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[OT] trading in your car
I'll make it quick as this is sorta off-topic:
Has anyone ever traded in a car that was valued higher than the car you bought. In other words, did you wind up with the dealer actually owing you
money, instead of the more normal method of you owing them money?
If so, how was it handled?
Has anyone ever traded in a car that was valued higher than the car you bought. In other words, did you wind up with the dealer actually owing you
money, instead of the more normal method of you owing them money?
If so, how was it handled?
03-21-2001, 07:12 AM
#2
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I used to sell cars 10 years ago and...
in a situation like this (unless the car being traded was VERY desireable for some reason) we would either lowball the trade-in value or suggest the customer sells it on his/her own...
The dealer will call the wholesalers and unless someone will take it off their hands immediately, they are unlikely to take the trade
The dealer will call the wholesalers and unless someone will take it off their hands immediately, they are unlikely to take the trade
03-21-2001, 07:21 AM
#3
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Done it once traded an 91 Accord for an 88 Accord
back in the days when I was in college. The trade in was $9300 and the 88 was $4900. I got the difference (check) less registration fees etc. You pay no taxes on you newer car.
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