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How does a dealer trade in work?
My dad bought a black 07 Honda Civic sedan in 07, and at the time, it was for him, but he ended up giving it to me. Now that its mine, I'm thinking about asking him if we can trade it in for an Si instead, and I'll give more than what I'm helping out with right now.
How does a dealer trade in work? We still owe like a year and half of payments on that Civic. I asked my dad and even he said he didn't know.
3 Answers
- shortyLv 51 decade agoFavorite Answer
If you trade it in the dealer pays off the loan, my rough guess would be that the trade in value that the dealer gives you will be just enough to pay the loan off. You'd be much better off to sell the car yourself and buy an Si outright.
Source(s): used car dealer - BillLv 71 decade ago
You do not want to do a dealer trade to change model only. If you thought that the dealer would just trade a 2dr SI for your 4dr and it would not cost much you are wrong. You would only get about 50-60% of the value for you car and pay 100% for the SI(This is if they are the same year)
- 1 decade ago
you might as well just sell your car locally or go to craigslist.com and sell it on there because dealers will just give you a low ball offer when you can get more from craigslist. or cars.com whichever you choose to sell your car from
Source(s): Sold 2 cars from craigslist
