Trade-in Value
Trade-in Value
Out of context: Reply #1
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- xcreonx0
Trade-in value at a dealer is almost always less than you'd get in a private sale. In a private sale you'd have to pay the remaining balance to the bank in cash to clear the title in order to transfer it ( in most cases), but at the dealership they will try to tack that on to the new cars loan. It is a bit of a raw deal since that's another $8k or more you'll owe on the car on top of it's immediate depreciation when you drive off the lot. You'll probably be upside-down on the loan for it's entire life, which is your call.