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are there any car dealerships in michigan that will buy back your vehicle no matter what you still owe?
2 Answers
- camys_daddyLv 52 decades agoFavorite Answer
Sure, but what they don't pay, you still have to.
There is not a car dealership that will give you more than a car is worth in REAL money.
I'm pretty sure you are asking because you are "upside down" in your current vehicle, or owe more than it's worth.
Many will finance your negative equity into the next vehicle (making you immediately upside down in your new car), or use the rebate on the new vehicle to help pay off the old one, or "highball" the trade, but give no discount on the new car, all to make it look like they are getting you out of your current vehicle. Of course none of that is real money.
So you either have to find someone to buy your current vehicle for what you owe, perhaps a private party sale, or keep making payments, perhaps paying extra each month until it's paid off, or you are no longer upside down.
If you are buying new cars, I'd recommend buying what you can afford to pay off in 36 or at the most 48 months.
HTH