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sweet tooth


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I have a question. Can you trade in a car to buy a used car, or do they only take trade-ins when you are buying a brand new car? Also, does it matter the condition of the car you are trading in?



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huskerbb


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sweet tooth wrote:

I have a question. Can you trade in a car to buy a used car, or do they only take trade-ins when you are buying a brand new car? Also, does it matter the condition of the car you are trading in?

Sure they'll take trades against used cars--and yes, it absolutely matters what you are trading in. 



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Domestic Engineer


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I've always found selling my old car instead of trading it in nets me more cash.

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Mellow Momma


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The condition does matter - but they will take almost anything you can drive onto the lot. They might not give you a lot for it, but they will take it.

And like DE said, I have found that selling it privately generally gets you more money.

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sweet tooth


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Mellow Momma wrote:

The condition does matter - but they will take almost anything you can drive onto the lot. They might not give you a lot for it, but they will take it.

And like DE said, I have found that selling it privately generally gets you more money.

 Well, that's good, because the brakes and suspension are shot. I don't think I'd want to sell it privately because I can't guess how much the buyer would have to spend on it, but I would have to tell them what's wrong with it.



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lilyofcourse


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They will take anything most of the time. There are times, they won't though. But generally they do.

But know what you have. At the same time, don't expect anywhere near what you think it is worth.



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huskerbb


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Go to kbb.com. Follow the screens to put in your make, model, mileage, and options for your car. It should give you a fair trade-in value. Your will probably rate as "fair" condition given its issues.

Then find a car you want. Do the same thing and you'll get a retail value for the car you want. Use that number as a STARTING POINT. DO NOT just let them price their vehicle at full retail and give you a low-ball trade in value.

You can also get a trade-in value for their car to see what they might have into it. Usually, if you add about $1,500 to the TRADE-IN value of their car, then subtract the trade-in value of your car--that should be a fair price.

Also, don't let them use the NADA book value on you. It's not impartial and is heavily skewed towards the dealer. Tell them to show you the kbb values or you'll walk--and then do it.

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Mellow Momma


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That's great advice husker!

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sweet tooth


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Thank you guys.


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weltschmerz


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I have a 15 year old car with virtually no miles on it, less than 40,000. Will anyone believe me, or will they think I set the odometer back?
What would matter more in a trade in....the fact that it's so old, or that it has so few miles on it? It looks brand new, with no rust.

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weltschmerz wrote:

I have a 15 year old car with virtually no miles on it, less than 40,000. Will anyone believe me, or will they think I set the odometer back?
What would matter more in a trade in....the fact that it's so old, or that it has so few miles on it? It looks brand new, with no rust.

 the fewer miles the better off you are.  



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huskerbb


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weltschmerz wrote:

I have a 15 year old car with virtually no miles on it, less than 40,000. Will anyone believe me, or will they think I set the odometer back?
What would matter more in a trade in....the fact that it's so old, or that it has so few miles on it? It looks brand new, with no rust.

 It's not that they won't believe you, but a dealer will never give you the value it is probably worth.  You'd be better off selling it privately.



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burns07


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well, we don't use bluebook, KBB, NADA--depending on your trade it's value could be significantly more or less than any of the " guides " available to the public

there are a couple of direct methods to determine the value of your trade that have nothing to do with books--regardless of your trade-in value, in a trade transaction the most important number is the difference--it is that plus acv that you're actually paying for the vehicle

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