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Can you get ripped off when you 'trade down' and the vehicle you are trading off is worth more than the one you are getting?
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Answered 2015-07-15 18:47:38
You can always get ripped off anytime you trade. Also you will not receive nearly as much as the car is worth and will pay more in the long run. Sell your car to a private party at somewhere between wholesale and retail. Find the value at www.nada.com By eliminating the trade you are in a much better position to purchase a vehicle at the lowest price possible. Dealers will not give you near what the car is worth. Usually less than wholesale. If at this time you are upside down on the loan, I would suggest you keep what you have or find someone to take over the payments.
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Can someone show me where to find current trade-in values?
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Will trading in a car not yet paid for a newer car cause you to pay more money?
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