Trading In A Car With Problems
The better condition your old car is in, the better its trade-in value, obviously. What's not obvious is how much work you should put into your old car before bringing it to the dealership for a trade-in appraisal. Major repairs are best left to the pros—they can do it for less money, and they won't add the cost you paid for repairs to the trade-in value.
Sell the Car yourself: You should sell a junk car yourself. You will get more money this way than by going to a car dealer or trading it in. Many people will be interested in this type of car for the parts or want to restore the car. Make sure you are honest with the problems. You can easily avoid issues by selling the car "as is".
Whether or not the dealership you're working with takes a trade-in with problems is up to the dealer, and if they do take it, know that it's best to be upfront about any issues. Here are some questions you should ask yourself if you're thinking of trading in a car with problems.
Years ago, I was trading in an old car that ran well, but had a few cosmetic problems (including the fact that it was difficult to close the passenger side door). The salesman asked me to tell him about the car and I started to go through the list of 'wrong' things.
May 9, 2017 - You're ready to get rid of your current car and want to get into something new. For many car owners, there's nothing easier than trading in a car to a local dealer. But before you
Trading your car at a dealership is a lot easier than trying to sell it privately. Some states will even give you a sales tax break by only making you pay sales tax on the "trade difference.". If a dealer gives you $8,000 for your vehicle and your state sales tax rate is 8.25%, you will save $660 off your taxes.