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You can literally buy a 2008 or 2009 car, drive it off the lot, and drive into another dealer to trade it in. You will lose a lot of the car's value however.

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Q: How long to you have to wait to trade in a new vehicle?
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Generally only as long as it takes for you to get the completed title transfer into your name........... But you do realize that depreciation will be what will knock your socks off with this decision.... If you have the papers of the car and its all legal you can trade it in but the value of it is much less than the price when you bought it.


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Can you trade in your car and get the same for it if you still owe on it?

This is tricky. If you trade in your car and get what you owe on it, it is likely you are paying more for your new vehicle (they always mark up the price to equal everything out). If they only give you what the vehicle is worth by blue book value, then they will give you a better deal on the new vehicle. If you want the best deal, then sell the car person-to-person and then buy yourself a new vehicle.


In PA is there a law stating that a new vehicle buyer must pay sales tax on the trade-in vehicle amount if the trade in vehicle title is not in the same name of the person buying the new vehicle?

Yes. Here's why:A person buying a new vehicle can only trade in a vehicle he/she owns personally. So, if you come to the dealer with a car your boyfriend owns, that he gave you to trade in on the car you're buying, the title to the car being traded must first be transferred into your name so that you can legally trade it. Unfortunately, in PA, sales tax is collected by the state every time a car is sold or the title changes hands. In a gift situation, tax is figured on the value of the car, except when a vehicle is given to an immediate family member (such as mother to daughter), in which situation no tax is charged.However, it can all be done at one sitting, so long as all the documents and ID's are in order.


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An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.


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Is there a website that gives used vehicle prices?

There are many websites where you can trade your old car for a new one such as trade-in-value, junk car 4 cash, new cars and kbb. There many websites to trade in old vehicle for new ones just make sure that you check more than one site and Be careful on the people you are handing you money to.


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