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About half of it's actual value.

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Q: What will a car dealer pay you for your car if your are not trading in?
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After you buy a car from a dealer can you trade it for another car of the same price?

Sure, but you will have to pay the difference when trading in a used car for a new car. It lost considerble value when you drove it off the lot.


Do you need insurance on your car when trading it in?

If you are driving it to the dealer, yes.


Where do you sign a title to a car when trading it in to a dealer car lot?

the back, under Seller


If you are buying a car from an out of state dealer should you pay your local sales tax to the dealer or pay it when you title the car here in your state?

You should pay tax to the state that you are getting your car registered to


Where can you buy a trade in car in RI?

car trading shopMost dealer's used cars are trade ins.


Who pays the payoff balance when trading in a car?

Whoever is selling you the new car and then they roll it into the amount you are paying for the new car, charge you to do this and if it is dealer financed, they get the interest on that money. Basically you pay off the balance at a higher rate than you were paying.


What is the best way to get cash for my car?

The best way to get cash for your car is by trading it in at a dealer. This especially useful if you intend on buying a new car as the dealer may be inclined to offer you a good deal.


In Illinois do you have to pay sales tax at the dealer for a used car?

If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax. If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement you will pay the sales tax when your register the car.


Do you have to pay taxes on a car that you buy from a dealer but dont license it from the dealer?

Yes, that is included in the final cost of the car. Registration is paid to the state and any fees that goes with it. So, you don't pay the license to the dealer, but the state.


If the clutch goes out 9 days after you buy a car does the dealer have to pay to have it fixed?

I'm assuming it was a used car. If you bought it under "As Is" conditions the dealer does not have to pay. Check your sales contract.


What happens to a existing car loan when trading your car?

You need to make arrangements to pay it off.


What happens if you keep what the insurance valued your car and not pay the dealer for your car?

If you owe money for the car and the dealer finds out about it, chances are,you will end up in court facing charges.