Does anyone know

iVillage Member
Registered: 04-10-2003
Does anyone know
5
Thu, 12-03-2009 - 2:07pm
will a dealership take a car worth more then the one you want to buy? The SUV is worth somewhere around 25-28k and the cars I am looking at are around 10-12K will they give a cash difference? Anyone know?

Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 11-18-2003
Thu, 12-03-2009 - 2:17pm

We traded a Durango this summer for a VW Passat. The Durango was worth more than the VW. Not as much as what you are looking at but by like $1000-$2000 more. I think it depends on the dealership, they may offer you way less than what your vehicle is worth or just not do it at all as they are not making any money on the deal until they would sell your car. Do you have a lot of equity in the SUV or is it worth about what you owe on it? In that case, they would roll any negative or positve equity to the next car. I don't know about them giving you cash back, I've never dealt with anything like that.


I do remember that when we traded the Durango, the guy said, "It is not very often that you see someone giving up a car that is worth more for one that is worth less" So don't know that it is something that happens very often. I would think that if you have a lot of equity in it, you may be ahead to sell it outright and take your money to buy a new/different car.

 


Terri

iVillage Member
Registered: 04-10-2003
Thu, 12-03-2009 - 2:24pm
Thanks for your thoughts. I owe about 12.5k and its worth somewhere between 25-28k. Private sale just takes so long and is so much work that I am tempted to just get rid of it asap. I know its not the smartest thing moneywise, but I need it gone. Its also a nasty reminder of a relationship that didn't work . . .

Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 11-02-1999
Thu, 12-03-2009 - 2:26pm
Bex - it certainly couldn't hurt to bring it down to the dealership and see what they say. Good luck unloading the SUV - whichever way you do it!!









Photobucket









Photobucket















iVillage Member
Registered: 11-18-2003
Thu, 12-03-2009 - 3:01pm
I would just take it to a dealership,if you buy a 10-12k vehicle plus the fees and such you could possibly walk away with them taking your SUV and you with the new car and no payment. It will probably depend on what your vehicle would be worth at auction in case they needed to unload it quickly and couldn't sell it from their lot. And, if it is a vehicle that is in demand right now, they may be willing to do it. Never hurts to try, we went to 5 dealerships looking at the same type of car and they all said something different about the Durango and what it would be worth. It paid off for us to shop around because we ended up with the car we wanted and paid less for it because they gave us such a good trade-in. HTH

 


Terri

Avatar for sohappilyme
iVillage Member
Registered: 03-26-2003
Thu, 12-03-2009 - 3:50pm
If you have a Carmax near you, they will buy your car even if you don't buy theirs. Of course, you'd probably know that if you had to hear the incessant commercials, LOL, so I imagine there's not one within advertising range. ((((Hugs)))).

Photobucket





Baby Names - BabyNamey.com Name Badge Ticker

Sarah