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Do used car dealers allow you to trade in your car for an even swap?
26th August 2010
I have a mini-van that I own outright, and want to trade it in for a sedan but I do not want to take on a car payment. Do used car dealers allow you to do that? Obviously I do not want to get a new car, but something that is of equal or lesser value of my van.
Posted in: Auction FAQ | | Comments (5)
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Of course you can do an even swap. Get your trade evaluated by at least a couple of dealers including a Carmax if there is one in your area. Then simply find a car that you like for the same price. We do even or close trades occassionally, and sometimes even have situations where the customer’s trade is worth more than what they are buying, in which case the customer gets money back on the deal.
Comment by Mike — August 26, 2010 @ 6:39 am
You can get something of lesser value for an even swap.
Comment by Charlie T — August 26, 2010 @ 6:39 am
Most car dealers like to make money on car deals. Very few of them like to "come out even". They aren’t in the business to come out even. They need to make a profit on every car they sell. Most dealers won’t be interested in making this type of "swap" deal.
If it is your intent to get rid of the mini van and step down in value the best way to do it is to sell the van on your own and take your cash and buy the car you want. You’ll get a lot better deal walking into a dealer with a stack of hundreds than you will with the title to a mini van.
Comment by mccoyblues — August 26, 2010 @ 6:39 am
I know you can do this at http://trademecars.com/.
Comment by James Green — August 26, 2010 @ 6:39 am
They have no incentive to do an even swap.
Now, if your trade is worth $1500-2000 MORE than the one you want to swap it for, they might be willing.
They can even do deals where they pay you cash. But the overriding principle is they have to make money or they wont do the deal.
So, IF you can find someone willing to do it, you are going to lose $1500-2000 in value.
Comment by n — August 26, 2010 @ 6:39 am