Question aobut trade in and equity
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Question about trade in and equity
Hi there. Looking to purchase a 2008 G35 sedan
My question for you all here is lets say I decide to trade in my car because I can not sell it privately. hopefully the dealer gives me something in the ballpark of 13,000. Now of that I only want to put about 5-6k down and keep the rest, they would have to write me a check.
I just spoke to the sales rep and was just asking because she told me that they would send me the check once they have the title of my car which usually takes up to 4 weeks or so. I am asking not because I think it is sketchy, but because I have never dealt with the situation and if anyone knows any horror stories that a buyer never received a check for the rest of their equity in the trade in.
My question for you all here is lets say I decide to trade in my car because I can not sell it privately. hopefully the dealer gives me something in the ballpark of 13,000. Now of that I only want to put about 5-6k down and keep the rest, they would have to write me a check.
I just spoke to the sales rep and was just asking because she told me that they would send me the check once they have the title of my car which usually takes up to 4 weeks or so. I am asking not because I think it is sketchy, but because I have never dealt with the situation and if anyone knows any horror stories that a buyer never received a check for the rest of their equity in the trade in.
Last edited by felo3769; Aug 29, 2008 at 08:45 AM.
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Originally Posted by goofygrin
Ya they would cut you a check. Make sure it's in the contract, because money in numbers that large has a way of not finding its way back home 
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