Does anyone know
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Does anyone know
| 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?




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