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You should only discuss the possibility of a trade-in you've researched the value of your old car. Check the library for reference books or magazines that can tell you how much it is worth. This information may help you get a better price from the dealer. Though it may take longer to sell your car yourself, you generally will get more money than if you trade it in.

You can also quickly and easily find the value of your car on websites such as kbb.com, driverside.com, and edmunds.com More input from FAQ Farmers: * NO! NO! NO! NEVER TRADE IN YOUR CAR. SELL IT ON EBAY OR AUTOTRADER AND YOU WILL GET MORE MONEY THAN ANY DEALERSHIP OR CAR LOT WILL OFFER. IN 2002, I SAW AN OLD LADY TRADE HER 1998 STS WITH 28K MILES ON IT AND EVERY POSSIBLE OPTION, INCLUDING MOONROOF. SHE TRADED IT IN ON A NEW STS AND SHE ONLY GOT A 8K CREDIT ON HER NEW BUY FOR THE CAR. THE CAR BOOKED FOR AT LEAST 25K AND SHE PAID 50K FOR IT IN 1998. I'M WILLING TO BET YOU THAT SHE COULD HAVE GOTTEN AT LEAST 17K FOR IT ON EBAY ON A GUY DOWN THE STREET FROM HER. NEVER TRADE IN YOUR VEHICLE! * DON'T wait till your done negotiating your best deal then tell you have a trade. Thats lying cause they'll always ask you if you have a trade. If you want them to be honest you should to. * Trading in your car is a tough choice you have to take into effect the time its going to take you having people come drive your car also not showing up for appointments. If something goes wrong with the car after you can bet you'll hear from the person who buys it just like a dealership does. Plus making sure all the paper work is done the title gets transfered so if the new owner gets paking tickets or whatever you don't get them on your record. Another thing is that when you trad eyour car in you only have to pay tax on the difference between the car your buying and how much your getting for yours. Keep in mind the dealership has to do any reconditioning that needs to be done on your car, advertising, and they also have to make a dollar to pay people and keep the place running. and with all that still be competative with everyone else. So don't go in thinking your going to get what it worth cause you have to take into consideration everything else. If you do sell it by yourself then it sometimes forces you to buy the first thing you after you sell yours cause you need a car then instead of wanting one. You'll be much happier with your purchase if you buy it when you want to not when you have to. * you should think twice before trading your car. you should research to know the real value of your car you can check car classifieds online and see the car's pricing. if you know the value of your car and the value of the car your trading to if its a fair trade then you should go and made a deal.

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โˆ™ 2008-09-08 01:51:35
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Q: Should you trade in your old car?
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Related Questions

What is the journal entry for car trade in?

[Debit] New Car[Debit] Accumulated depreciation[Credit] Cash / bank[Credit] Trade-in Old car


Why should I sell my used car as a trade in for a new model?

There are lots of reasons not to trade in your old car (you get better value when you sell it yourself, you may want to help out a family member, etc.). One reason to consider a trade in is to have something you can use for a bargaining chip in the haggling phase of new vehicle buying. Even so, you could still come out of the deal with your old car in your possession.


Should you trade your car in or pay it off?

pay it off


Trade in an expensive car for a cheaper car?

If you will trade an expensive car for a cheaper one, make sure that the cheaper car is in good condition and the trader of the expensive car should pay exact amount of money for the expensive car.


Do you have to notify the dealer if you are trading in your car?

No, make the best deal you can on a purchase without a trade and then tell the dealer you have changed your mind and want to trade your old car in. You will then know what he is really giving you for your trade in.


Where do I find a place that I can trade in my old car and buy a new one?

Go to Toyota. They will trade in your junk car and trade it in for a new one of your choice. There are hundreds of new and awesome cars to choose from.


When people buy a new car name something they do with their old car?

trade it in, sell it, or give it away.


How do I go about selling my old car?

In selling an old car, you should take note all the information and details of your car. And in giving price it should be defend on the model of your car.


Can you trade in a car with a balance to lease a car?

There should be no balance in trading each car. No one will accept the kind of deal.


Does the car dealer keep registration fees on a trade in?

All car dealers SHOULD keep registration fees on a trade in car but if a client requests other wise then there is not much they can or will do, although if you ask to know the registration fees they should be able to tell you.


How can you trade in a new car for old car if you just bought the new car?

Theoretically, yes. However, you will have a lot of negative equity to cover.


How old is a antique car?

Many say a car should be at least 25 Years old to be called an antique... but I think it should be at least 30 yrs old.


Can the lien againts an old car be transferred to a new car?

Yes, when you buy the new car the remaining amount owed on the old car will be refinanced in the new financing and "transferred" in this manner. It can not be transferred unless you approve, but you can not sell the old car (Trade in) unless you approve the transaction that does this.


What will people do with the old car if they want to buy a new car?

They can sell it on their own, or they can trade it into the dealer toward a down payment.


When people buy a new car they something they do with old one?

Trade it in on the new car, sell it, keep it, or donate it to charity.


Will a car dealer sell a car if there is no title on the trade in car?

They will not take the no title car on trade.


Should you trade in your used car that is paid off for a new car?

Only if you can afford payments for a new car and your used car is in very bad shape.


When people buy a new car what do they do with the old one?

They trade it in, keep it or sale it them selves.


Can you trade your car in for leased car?

You can trade the cars all in for what you want. Trade for what is on the market


Do you have to buy a new car to trade in a used car?

No, you can trade a used car for another used car


Should you keep your horse or get a new car?

Keep your horse and get an old car. :)


How often do people trade cars?

Almost everyday a car is traded all over the world and it matters how old your car is or where you are... and if your car is even working!! :) :D


How do you trade in a car that's paid off?

Tell the dealership that you want A car with NO DOWN PAYMENT, And, YOU ARE NOT TRADING YOUR OLD CAR. Get your best deal. Keep that number handy. Then tell them that you are concidering trading your old car. Get them to give you A "REAL TRADE IN QUOTE" This means you want them to tell you exactly what they will buy your car for. All you need to do to trade it in is have the title with you. Also, Make sure the numbers match, There is nothing that the dealership will add that you have to pay. Don't fall for gimmicks.


What is a sentence for the word trade?

I will trade this comb for your loaf of bread.The trade went well.Trade is a critical part of global economy and diplomatic relations.


When car shopping what are some things that I should compare?

Usage of the vehicle. Does it fit your needs, Price comparison with other dealerships. Finance rate. Trade in value for your old car. How do I qualify for 0 financing. Do they have a repair shop on premises.