am i allowed to trade financed car?
Originally Posted by Doc_Yizz
Remember something very important: dealers love trade ins because they have larger profit margins on used cars. They will always offer you a ridiculous trade in Blue Book Value. If your current car still owes more than what they're offering you, try to lessen that difference. Never accept their first offer.
The best strategy is first negotiating the price of the vehicle you'll be buying. Dont let them fool you with the argument that the price is higher if you're trading in. Always tell them you do not have to trade in, but its an option if they give you a good offer.
Always go to the dealer knowing both the trade in value and the dealer price on your used car. That way, you know how much they will be earning on top of what you still owe, and will have bargaining power.
Always have a top budget and tell them: this is my offer, I have x amount of $ to make this a deal.
If its possible go to the dealer with your credit already approved. Dealers make business with financial institutions where they approve with certain of them at higher APRs in order to have "instant approvals". If you go pre approved, you'll have the upper hand.
The best strategy is first negotiating the price of the vehicle you'll be buying. Dont let them fool you with the argument that the price is higher if you're trading in. Always tell them you do not have to trade in, but its an option if they give you a good offer.
Always go to the dealer knowing both the trade in value and the dealer price on your used car. That way, you know how much they will be earning on top of what you still owe, and will have bargaining power.
Always have a top budget and tell them: this is my offer, I have x amount of $ to make this a deal.
If its possible go to the dealer with your credit already approved. Dealers make business with financial institutions where they approve with certain of them at higher APRs in order to have "instant approvals". If you go pre approved, you'll have the upper hand.
If your mom had bad credit right now and you are too young to get any decent credit, then just keep the car. You can certainly do worse than a G.
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Tolboothwilley™
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Jul 28, 2016 12:42 AM




