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Discuss Dealer Question in the alt.autos.gm forum at Car Dealer Forums; Has anyone done this or know if a dealership will do this. I owe $15,000 ...
  1. #1
    Branden Nelsen
    Guest

    Default Dealer Question

    Has anyone done this or know if a dealership will do this.

    I owe $15,000 on 2 cars (total or $7500 each). Blue book on both is almost
    twice that. I'm looking to get a new car that is cheaper (5-6K) I want to
    Trade in my 2 cars to a dealership for atleast what I owe if not abit more
    towards the car I find I want from them, then get a small loan for the rest.
    Does anyone know if a dealership would do this type of trade?

    My cars:
    99'Jeep Wrangler Sport
    99' BMW 528i

    Looking at possibly:
    99-00 GTP

    --
    Thank you,

    ~~~
    Branden Nelsen





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  2. #2
    shiden_kai
    Guest

    Default Re: Dealer Question

    Branden Nelsen wrote:

    > I owe $15,000 on 2 cars (total or $7500 each). Blue book on both is
    > almost twice that. I'm looking to get a new car that is cheaper
    > (5-6K) I want to Trade in my 2 cars to a dealership for atleast what
    > I owe if not abit more towards the car I find I want from them, then
    > get a small loan for the rest. Does anyone know if a dealership would
    > do this type of trade?
    > My cars:
    > 99'Jeep Wrangler Sport
    > 99' BMW 528i


    You will always be further ahead financially if you just sell the
    two vehicles privately. Sure, the dealership will give you a trade
    on two vehicles...but they will rape you in the process. That's what
    they do, buy low, sell high.

    Ian



  3. #3
    Branden Nelsen
    Guest

    Default Re: Dealer Question

    Yeah..

    I guess all im wanting over all is maybe $8-9k each, abit over what i owe to
    go towards the new car. Ive tried to sell them privately but i have the
    worst luck in that apparently

    -Branden

    "shiden_kai" <V-L-M@hotmail.com> wrote in message
    news:nrLBg.328540$Mn5.304689@pd7tw3no...
    > Branden Nelsen wrote:
    >
    >> I owe $15,000 on 2 cars (total or $7500 each). Blue book on both is
    >> almost twice that. I'm looking to get a new car that is cheaper
    >> (5-6K) I want to Trade in my 2 cars to a dealership for atleast what
    >> I owe if not abit more towards the car I find I want from them, then
    >> get a small loan for the rest. Does anyone know if a dealership would
    >> do this type of trade?
    >> My cars:
    >> 99'Jeep Wrangler Sport
    >> 99' BMW 528i

    >
    > You will always be further ahead financially if you just sell the
    > two vehicles privately. Sure, the dealership will give you a trade
    > on two vehicles...but they will rape you in the process. That's what
    > they do, buy low, sell high.
    >
    > Ian
    >




  4. #4
    Edwin Pawlowski
    Guest

    Default Re: Dealer Question


    "Branden Nelsen" <brandenn@netins.net> wrote in message
    news:eb7vq0$n5q$1@news.netins.net...
    > Has anyone done this or know if a dealership will do this.
    >
    > I owe $15,000 on 2 cars (total or $7500 each). Blue book on both is almost
    > twice that. I'm looking to get a new car that is cheaper (5-6K) I want to
    > Trade in my 2 cars to a dealership for atleast what I owe if not abit more
    > towards the car I find I want from them, then get a small loan for the
    > rest. Does anyone know if a dealership would do this type of trade?


    Sure, they'd accept your kids in trade too. Maybe not your mother-in-law;
    even car dealers have some standards.

    Most any dealer will do anything to make a sale.



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