Help with car finances?

if you find a car that you want to buy and have a trade in that books more than the one you want to buy will the dealership pay you the difference?

Help with car finances?

Yes they would. They would probably try to just make it a even swap if possible or just not interested in your trade.

Help with car finances?

Yes, but you would get more money by selling the car yourself. That way, you sell the car, take part of the money to buy the new car, and pocket the difference.

Help with car finances?

Yes, you would get the difference but this is a very bad deal for you. Unless of course you don%26#039;t have the time/inclination to sell your current car on your own and you don%26#039;t mind handing the dealership like, oh, 3-6 thousand.

I had a buddy who owned a Land Rover that was loaded. He paid like 90K for it. He went to trade it in (after owning it for a year) on a 40K car. He thought he%26#039;d be putting around 15-20K back into his pocket AND get a new car.

When it was all said and done, he would have gotten the car and 500 from the dealer!!! 500 bucks!

Thankfully, he didn%26#039;t take the deal.

Trading in your car in that situation is terribly, horribly bad for the customer.

Think twice or three times before that.

Help with car finances?

the dealer reads a different book of values than the consumer. So while you might walk away with a little cash in your pocket, they will make a profit off you twice.

They will offer you wholesale value on your trade and then mark it up to retail.

this also hampers your ability to negotiate a price on the car you%26#039;re buying. they will try and make it seem like you%26#039;re screwing them over.

I really think you should just try autotrader.com and pay the 40 bucks to run an ad until the car sells. you%26#039;ll come out further ahead and have enough money to buy the other car and some gucci seatcovers.

Help with car finances?

go on kbb.com and check your trade value, but if it still is more, yes they would pay for it, I have never had a deal like that in my 10 years experience though!!