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Can you trade in a car of higher value than the one you are buying?
Wiki User
∙ 12y ago
YES you can definately do it. You don't even need to get a car. You can flat out sell your car to a dealership. Dealerships want cars. They can resell them on the lot or take them to the auction. They will write you a check on the spot unless you dont have the title in which you may have to wait. If you use the balance to buy another car then you get a check for the difference. In most states, the trade in value counts against the tax also. That means if you trade in a $20,000 car for a $15,000 car, there will be no sales tax. (State laws govern this but your dealership will tell you if you ask).
You should 1st find a good source for your trade value. Blackbook makes you pay, Blue book gives silly numbers. My favorite is mytradeoffer.com . It is powered by Auto Trader and gives you a real offer. Most dealerships will beat this offer by $200 to $1000 dollars depending on how bad they want the car but it is a realistic place to start.
yes but you may still owe money on the car being traded in. so the overage may not be able to put the loan of the cheaper car. most financial institutions will only finanace a car to sticker price or a little above. usally 5% only. remember the cheaper the car the less mark up. look for a vehicle that has a hudge rebate i.e. 2500 and above this will help buy down the overage.
Wiki User
∙ 12y ago
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Can you trade in a car with a higher value than the car you want to purchase?
Sure you can, but odds are that you'll lose significantly on it. The dealer won't be particularly happy to hand out cash, so he'll probably assign something much lower than street value on your trade-in.
Why are terms of trade important?
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
If your car is worth more than the trade in value what happens if you trade in?
You will get what they offer. You are always better off to sell your car at below retail and buy a car without a trade. The dealer will rarely give you more than wholesale for your trade in. Sell your car, and then go buy yourself a car. You have much more leverage when buying without a trade.
What is the difference between a trade in and a cash trade in?
Some stores offer trade-ins for store credit rather than cash. Store credit can only be used in that store, and will most likely be of a higher value of any cash trade-in value they might offer. The store simply wants you to spend more in their store rather than take their cash and walk away.
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Experimental errors would cause the experimental value of specific heat capacity to be higher than the standard value.
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They're actually the same thing: Nation A sells a higher value of goods to Nation B than Nation B sells to Nation A. Whether you're looking at a trade deficit or trade surplus depends on if you're Nation A or Nation B.
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In most countries that refers to any school higher than high school, ie -college, trade school or university.In most countries that refers to any school higher than high school, ie -college, trade school or university.
An unfavorable balance of trade occurs?
an imbalance of trade. More going in one direction that the other.
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These products are usually of higher value than convenience goods, bought less frequently, and are durable. Price, quality, style, and color are typically factors in the buying decision.
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What does it mean if a slope is numerically a higher value than another slope
