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If I buy a new car in MI,is sales tax 6% of the difference between new car price and trade-in car value? I somehow remember they passed some Senate bill on March saying now trade-in value is applied to the calculation of the 6% sales tax when a new car is bought in Michigan. In other words, if I buy a new car in Michigan, the sales tax I need to pay is 6% of (new car price - trade-in value), right? Thanks for ur answer

If you trade in a paid off car for one of lesser value do you get the difference back? If i were to trade in a paid off car trade-in value at say $15,000 and I wanted to buy a car for $9,000. Would I get the difference back or would it just be considered a loss. I would be going to a used car place.

What car dealership gives 130% of your cars value in trade in? I heard the ad on the radio, but didnt get what dealership it was. anyone know who it is?

How can i know my car trade in value? Can you recommend a good trade in value quote website .I'm trying to tradein my Lexus RX 300 how can I find the price thanks

Car trade in value change after accident? Can somebody generally tell me that how much car trade in value decreased after a accident (2003 Jeep Liberty Limited, good mileages, the car is repairable)? and how to negotiate with Insurance on this?

trade-in my car..it's value/worth? trade in 2007 Lexus IS 250, 56K miles, no body damage boyfriend (now my ex) bought me the damn car but I want to trade-in for a toyota hatch back (i know, way to stimulate our economy) or some just little car... kelly blue book hasn't always been my best resource as i have found dealers have given me far better deals in the past (without even mentioning the computer source) is the car trading value loss? it was paid in full/solely for me. thank you.

If Trade-in Value of a car is $19,675, how much do you think it would sell for at a dealer's auction? I'm trying to buy a used car, trade in value is 19,675, they bought it at an auction because it was a rental car. I'm trying to get a round about of how much they probably paid for it. The price on the car at the dealer is $24,995 I've offered them 20K and told them they could have my trade-in. They are offering me $1,500 for my trade.

Will a minor accident (and repaired) damage affect this car's trade-in value? I'm looking at purchasing a 2008 Honda Civic SI coupe with 33k miles in great condition at a great price. It has an accident report on its Carfax, but not a salvage title or anything. It was just a taxi that backed into the door, the cab company paid for it, and it was completely repaired. I won't be keeping the car for too long because I will probably trade it in within a year. Will this affect the cars trade-in value? Thanks!

What is the difference between a cars trade-in value and a cars retail value? My consumer math assignment says : " Mr. Johnson found on the internet that his car had a 'trade-in value' of $4295 but a 'retail value of $9110. Check the internet and find out what these values mean and why such a difference exists." But I have looked for that and all I can find is the trade in values for specific cars...please help me?

Trade in value of your car, is that a down payment? I wondering how this works. When you trade in your car, does that value = a down payment for a new car? Trade in value = $15000 Owe= $5000 New car price = $30000 Price with Negative Equity = $35000 Does that $15000 = a down payment ? so your total finance is $20000 ??

In bankruptcy, is your car valued by KellyBlueBook "trade in value" OR "retail value"? wondering to see if I will be able to keep my car! Retail value is obviously a lot higher and that would prevent me from keeping it. However, the trade-in value is a lot lower and would allow me to keep it. thanks!

Want to trade in car...car value? I want to trade my car, (live in WA state). I own a Honda CRV 97' nice interior/exterior, do you know the car value for this? Ive checked the blue book, but I thought Id ask a person. And also, The car Im looking for is a Acura TL I know I would have to make payments because my ol' car wont do it! Has anyone been inside an Acura TL? Nice?

Does having a car loan affect its trade in value? I know that a car's trade in value has as much to do with negotiating than the car's so called book value and things like big repairs and even minor accidents, even if they've been repaired, can make a difference if they show up on a CarFax, But does whether I paid cash or if financed the car I want to trade when I bought it new actually make a difference as far as its trade in value goes? I'm asking because dealers always ask if there's a loan and so do some independent appraisers. Dealers always say the just want to know so when they make me an offer they know how much they need to pay off instead of putting it toward the new car. I know they do this to jumble all the numbers together to make it harder to tell exactly what price they want for the new car and how much they want to give in trade and I always tell them no and make sure we've negotiated the price for the new car before even telling them I have a trade in the first place, but does the bank lien actually matter when it comes to how much the trade in is worth? Would it be different if I just paid off the loan before going to the dealer? The only reason I ask is because an online appraisal service that's not affiliated with any dealer also asks if there's a loan or not before giving an estimated trade in value. I know the dealer would just as soon have the title immediately so it can sell the car right away without having to pay off the loan and wait for the title to come, but do they really look at this as something that impacts the car value? Thanks for any help anybody who knows first hand can give.

any info on car trade-in value and the clean air act? i am about to buy a new car and have an old 95 accord that i wanted to trade in. friend told me that there's a "clean air act" or something like that where the government will issue a check for $3000 (or so) for a car that's as old as mine, regardless of the condition if i trade it in. if you know of any links to website with relevant info, it would be most appreciate. thanks!

Should I be able to get kelly Blue book trade in value for my car when trading in ? I am going to be trading in my vehical on a new one I was wondering should I be able to get Kelly Blue book trade in Value. On my car from the dealer I trade it in to ?

If my car trade in value is $21,000 now, is it valid to depreciate by 0.9875 every month? I am figuring that a car depreciates 15% per yr. it is a 2002 model yr audi. So i did 15%/12 = 1.25%. 1.0-.0125=0.9875.

How would this car trade in work? I have a 2003 Escalade that is fully loaded. its worth 11,000 on kbb for trade in value. the car still as 25,000 dollars owed on it. Im looking at a car that is worth 14,000. I was wondering what the final figure would be if i traded it in.

car trade in value?? i want to get a new/used car. my car is broke, needs brakes cv joints and a computer for? the windows. its a 1999 passat 120000miles. should i fix it? would i get a significant difference in trade in value? will i get anything (trade in) for my broke car???

Is there a way to utilize the 4500.00 cash for MPG improvement credit and get the car trade-in value, too? We have a 2004 minivan - trade in around 5K (low milage) - is there a way to get the 4500.00 gas guzzler tax credit and the trade-in value toward a hybrid Honda insight, or any other tax advangages other than a tax-free purchase price? please advise

If I lease a new car, does trade in value have much effect when the lease is up? I'm looking at a new Chevy Malibu or a new Accord and the Honda salesman brought up that GM cars don't hold their value nearly as well. If I'm leasing the car, does this even matter since I'll have no equity to put toward the next car? I really prefer the Mailbu.

Can I trade my car in while under bankruptcy? I have a 08 SUV. I have been on time and up to date on payments on my loan. I just recently filed for ch. 7 bankruptcy. But I am still making payments and will reaffirm the car loan. I want to do a trade-in for a cheaper car in couple of days. Can I still do a trade-in while my bankruptcy is still pending? And how will I get the difference back from the trade-in? Ex..trading a car value at $15,000 for another at $10,000.

Can I trade in my car value at $15000 for two cars valued at $7500 each?

where can i get a quote on my car value? specifically- i want to trade in my 6yr old car for another USED car, NOT trade it in as value towards a new car websites? 10 points for best answer

How can I get a car dealership to pay off my upside down trade in? My cars trade in value it 9500 and I owe 13000. So I am upside down 3500-4000. I want to get another car because I need lower monthly payments and my interest rate is 22%!!! I've been trying to refinance but keep getting denied. HELP! Someone with experience in car financing would be most appreciated. And no meanies please, I know I got boned, I don't need random people reminding me...

Purchasing car with value of trade-in? Hello I need some advise on how to tackle my car purchasing task. I would like to upgrade my current car with a pre-owned car from same manufacture by purchasing the pre-owned car using trade-in value of my present car. Is this kind of transation entertained by dealers? Or do they act all non-interested? Both the cars are high demand cars of same year and make. The pre-owned I am interested has same milage and feature as my present car. However the pre-owned car is listed at a lower price compared value of my present car being sold by the dealer. Any advise and suggestion would highly be appreciated.

I got screwed over in a car trade in Pennsylvania need some advice? i traded my car that was worth 20 grand for a "saleen mustang s351(by the sellers own words)", to an individual seller, i only did a carfax on the vin, and later checked to see if it was a real saleen through vin(its a heavily modded car) and found out it was not, so my car i now have is only worth around 4 grand(instead of 20 as well.) I'm wondering through Pennsylvania laws how i can get my car that's worth 20 grand back and what chances i have of getting it back, also we did a trade so car value was 1$ so we would be in district courts.

How do I get the most value out of my car trade-in? I'm looking to sell my 2001 Lexus IS300 and buying a new Audi S5, but I don't want to trade in my car. What's the best way to get the most out of my used car?

Question concerning trade in value of car? Four months ago i bought a 2001 Pontiac Grand Am for 5,600.00. I am not to happy with it. Since then the engine has been running loud, minor electrical problems. I was wondering if I were to trade it in what the trade in value would be? Like how much would would the car have deprecated?

Will car stickers lower my car value when I trade it in?

Used car trade in value? What guide do dealers use when determining the trade in value on used cars? I have a 2005 Honda civic with lower miles (28000) and the trade in value I am finding on Edmunds and Kelly blue book is about $2000 HIGHER than what 3 different local dealers are offering me so I am just trying to determine what would be considered a good basis for me to take to them when they show it lower than I do.

What would you do in my delima regarding a new car and owing money on a trade in? i recently traded in my 01 tacoma for a smaller toyota yaris. i still owed 16000 on the truck and the trade in value was only 8250. i still owed 7750 which got added onto the price of my new car. my combined total for the new car was about 27,000 to finance. my bank would'nt even deal with me because the amount financed exceeds 20% of the cars value which is only 17,000. so toyota financed me and we wrote a contract. today i was told toyota cannot finance me because,like my bank, it is too much of a risk. i am in possession of the new car, they still have my truck...at least i hope they do, and i already have 1,000 miles on the new ride. i was told the only way it will work out for toyota to finance me is for me to put more money down which i dont have or for them to jack up my interest rate. what should i do? tell them to screw off because i already have a contract? what will happen if they want the car back with 1000 miles on it? make me pay for the wear and tear?

Avoiding California tax on car Trade-Ins? Is it possible to avoid California trade-in Tax by trading equal value cars in dealers?? Lets say if dealer charges me 25000 for the car and they consider my car's worth as 25000 then I dont have to pay tax since there is no difference in cost right?? What else is there that I have to pay other than the tax when this happens? such as lisense fee etc?? and how much?? Thanks

What dealerships around Dallas offer a minimum trade-in value when trading a used car in for a new one? I used to hear radio commercials for dealerships (namely Hyundai and Kia) who offered a minimum trade-in value for used cars (usually $3,000). I don't listen to the radio any more, and I can't remember who offered this. I need a dealership in the Dallas/Ft Worth area who will guarantee a $3,000 minimum trade-in on an old car.

what is the trade-in value of a 95 volvo 850 turbo? i currently have a 1995 Volvo 850 Turbo Sedan and was looking to buy a new car but I need to know my current cars trade-in value. I just replaced the radiator and everything is in working condition.

Would it be possible to trade my car in for a car that is worth less than the trade-in value? The trade-in value is $4,300. So would it be possible to trade my car in and get a car that is less than the trade-in value and have no car payments? Also, i still owe on my current car.

Value of my car at trade in, any car sales men in the house? I own a 99 mazda protoge. The car is fully paid off. I am the original owner it only has 66,000 miles on it and I take it for regular oil changes and inspections, it also has a brand new set of tires. I know I can find a value on kelly Blue Book, but in reality how much do you think I will get for it as a trade in at a dealership, will i be completely ripped off? I want to get somthing like an Acura MDXor a Nissan Murano, Any sugestions and any serious opinions on these vehicles from owners... Thanks for your help....

I have a car that is valued at 7K, but the trade in value is 4.8K. I owe 6K. What will a dealer offer? I owe more than the car is worth at trade in, but less than the car is valued. Will I owe the balance of the trade in? Will 2 K be enough to put down and have the dealer give me a good deal on my trade in and potenitally lower my monthly payment?

which website gives the most accurate car trade in values? Im trying to find out how much I could get in a trade in for my car but im getting wildly different numbers from different sites so which is the most accurate?

what do i do if i owe 59K on my escalade but i dont want the car nemore. trade in value is only 39K. options? i have a 2005 fully loaded escalade top of the line with 59K note. also own 97bmw 540i free and clear. what are my options?

By what gauge do car dealers put value on used car trade in's?

Will servicing my car myself affect its trade-in value? A bit fed up with dealers charging excessive amounts of money for servicing. I am more than capable of performing them myself, but will this affect the trade-in value of my car when I come to part exchange it against a new car at a dealership?

Car trading question ? What if you owe more than actual car value ? Ok so i am financing a 03 mitsu eclipse, tag proce was 17,000 more or less with interest i believe it ended up in low 21,000.00. I am looking to get rid off the car either by private sell or most likely a trade in. How does this work if i still owe 14000.00 on the car. Any ideas ? Suggestions, Help ? PS - the car is in great condition very low milage and runs great. I got screwed but then because i was in a car accident and didnt have a car and kinda got into it because car looked so good and i was desperate for my own car again. Reason to get rid of car - im pregnant mom to be and a 2 door v6 isnt exactly a child friendly car !

Is "cash for car" value much lower than "trade-in" value? I am gonna sell my car. The private party value of my car is $7800 and the trade-in value is $6200 according to Kelley Blue Book Pricing Report. How much would it be if I sell my car to some dealer to get "cash for car"? Thanks.

Estimated Trade In Value of a Car. And How it effects monthly payments.? Hi, when on a Lease/Financial Calculator when buying a car, what does "Estimated Trade Value" mean and how am i suppose to determine it? I went on the Mercedes Benz Website and was using the Lease Calculator on the ML350 (MSRP: $40,525) When i enter down payment as: 15,000 Estimated Trade in Value: 10,000 (im taking a stab at what it means) Length of Lease: 48 Months. Miles Per Year: 15,000 The monthly payments come out to be only $31 a month...somehow i just dont see that as being correct...however if I change the Estimated Trade in Value to 0, the monthly payments is 269. I just want to know what "Estimated Trade in Value" is. My guess is: It is the value of the car when the lease ends.

Should I trade in my 09 car at a 15% interest rate..? In june I purchased a 09 car I have a 15% interest rate and due to the economy car car values are decreasing. Should I trade in my car if I can get a less exspensive car and a lower rate? Between my previous trade in value and money I put down the amount is about 25 thousand, I want to make the best of the car situation without getting ripped off- HELP!!!!

Will a car dealership let you trade in a car for one of lesser value? Will a car dealership let me trade in my 07 Honda Civic Si Sedan that I owe 19k on(not upside down) for another car of lesser value?

Could I trade in my car for two lesser value cars? Trade 07 charger for 98 accord and 93 dodge van

How does a car trade-in work? according to kelley blue book, the car is valued at 12,000 in FAIR condition. So when I go/speak to the dealership folks, I can expect it to not go below this 12,000 mark, right?? I will be financing (i have bad credit) through the dealership too. the additional question is: how can i also avoid being taken advantage of.

What website is the best for finding the best trade-in value for your car? I want to find the most accurate website that gives me the closest trade-in value for my car. Its seems what the dealers say my car if worth is so different then what websites say. I understand the dealers are trying to make money but what do they use to determine my value?

How much will a damaged bumper reduce my car's trade in value? Yes, I am familiar with Kelley Blue Book & the like...however, they're a bit vague...my car is in excellent condition despite a few minor, barely noticable carpet stains(the very bottom layer of carpet, it's beige..) and some damage to my front bumper. It is cracked on the right side with a small hole. Should I attempt to replace the entire bumper before trying to trade in my car to avoid getting ripped off, or will it not really be worth it?

How do dealers come up with the trade in value of a car? Do they go by the kelley blue book trade in value? Or do they just value it by the condition of the car themselves? Just looking for specifics.

Which make of car holds its trade in value the best? Considering buying a new car and interested in makes and models that hold a trade in value for the longest

Which is the best tool to find out the value of your trade-in when purchasing a new car? I've gone to Kelley Blue Book, Edmunds and NADA and printed up the average trade-in values for my car, but I was wondering if there is another one that car dealers might use when appraising a trade-in? Thanks!

Trade-In Value: Do Dealers Accept Any Car Condition? I have a 1995 Mitsubishi 3000GT. Kelly Blue Book Trade-In value of $2,970 in Fair Condition. The paint is chipping, it has a big dent on the quarter panel, and it's electrically malfunctioning as well. It has an after-market spoiler. The car is in bad condition, but not worst of the worst. Do car dealers accept just any cars for trade-in? I want to trade my car in ... Do they accept any cars in any condition?

what does "Estimated Trade In Value" mean? and how does it affect payments on a car (leased).? Hey, When on a Lease/Financial Calculator when buying a car, what does "Estimated Trade Value" mean and how am i suppose to determine it? I went on the Mercedes Benz Website and was using the Lease Calculator on the ML350 (MSRP: $40,525) When i enter down payment as: 15,000 Estimated Trade in Value: 10,000 (im taking a stab at what it means) Length of Lease: 48 Months. Miles Per Year: 15,000 The monthly payments come out to be only $31 a month...somehow i just dont see that as being correct...however if I change the Estimated Trade in Value to 0, the monthly payments is 269. I just want to know what "Estimated Trade in Value" is. My guess is: It is the value of the car when the lease ends.

Am I screwed if I want to trade-in/buy a new car if I owe more than the car's trade-in value? I have a $14,000 payoff, but the car (Toyota 4Runner) is worth $10,000 trade-in according to Kelley Blue Book. I guess I'm stuck?

where can i find somewhere to trade in my car for a specific value? I have an 1990 volvo station wagon that not really in good condition as far as body work, but it runs good, and i am looking to trade my car in and get a car thats worth the value of the car that i have now

Trade in value of my car? I am looking at trading my current car for something better on gas & cheaper monthly payments. I still owe 13k (roughly) on the car and the trade in value is between 7-8k Does the dealership take what I owe & minus the trade in value then tack on the rest to the purchase price of the car? I have never traded a car in before, so I'm not sure how this works.

Ok, if i trade in my car then if i still owe money after the trade in value do they jus add whats left onto my Ok, if i trade in my car then if i still owe money after the trade in value do they jus add whats left onto my new loan or what is the deal with that?

Buying a used car, how much can I lower the price if the previous trade value was 6800? I was able to get in touch with the previous owner of a car I am going to be buying. She told me the trade in value they gave her was 6800. I asked the salesman to see what work they did to the car. It was less than $200. The MSRP is 12000 and they brough it down to 9988, internet sales price. I still feel I am getting ripped, how much can I expect to pay for this car?

What happens when the value of your trade-in car is greater than the price of another car? I need to purchase another vehicle that is smaller and gets better gas mileage. If the car I decide to purchase costs less than the value of my current SUV, how is that handled?I I forgot to mention that I own the SUV free and clear. Thanks for the great answers.

Used car sell/trade in value calculator? Does anyone know how to find a good used car sell/trade in value calculator? I tried google, but I can't find anything that can go past 1980's. Any suggestions?

What happens when the trade in value of your current car is worth more than the car you want to buy? I'm planning on buying a new car, but my car is currently worth more than the car I want to buy. I'd like to trade it in for the new car, but i don't think the dealer would pay me the difference. Would they?

Trade-in value of car with previous accident? Say your car is worth $13,000 in trade-in value. Then say you are in an accident, there is body/paint work done etc. (no frame damage). How much is the car worth after the accident assuming the repair job was a good one.

Is the trade in value of a car usually less than what you could get by selling it privately? Is the black book value usually less than what you could get by selling a car privately? I imagine it is and also that there are variables but just generally speaking?

how does a car salesman decide the trade in value of a car? I went to Taylor Kia. and I have a 93 caddy 175k fair condition. no dents or rust. i was only offered 200. But a co-worker went and was offered 900 for her 86 caviler. we are oppsite race/ 15 yrs apart in age. did they play apart.or is this correct. Just wondering if i should do business with them.

Can I trade in my car if it has no value? I have a 1995 Mitsubish Galant and it basically has no value. Can I still trade it in for a new used car?

What dealership is offering the best trade value for a used car?

I got quoted a $4,500 trade-in value of my car at a delearship.....? I'm looking into getting a versa and the place I went to yesterday gave me a $4,500 trade-in quote for my car. I couldn't afford the SL I want so I'm looking into getting a type S. I wanted to know if I go someplace else to get the type S will the other dealerships pay the same amount for the trade in of my car or will it be less or more?

Trade in value for wrecked car? I have a 2005 G35 Infiniti. It has been in two very minor fender benders and one wreck. The damage has been repaired, and the KBB value is 19,300...anyone know about what they will deduct from the value of the car because of the wreck? I am looking to trade it in.

Transmission went out can not afford to replace. I still owe on the car and will not get much trade in value.? Should I let it go back after I get financed for another car or trade it in and pay the large balance on the back of another car?

Can I get trade in value for a second car on another car that I have already purchased? My husband and I are a 2 car family and we bought a new Volks Wagen a few months ago, because our family is expanding. Our second car is a 2002 Camaro that would be desirable in the area we live. We are now relocating out of the country and we would like to become a single car family, would the dealership beable to take our camarro, pay it off and put some money towards our Volks Wagen?

What would my car's trade in value be? It's a 1995 oldsmobile cutlass supreme. It has a fully rebuilt engine, new transmission, new ac compressor, new brake pads, new exhaust clips, a year warranty on the transmission. Less than a thousand miles on transmission, less than 3000 miles on engine. Exterior is in very good condition. Clean no rust. Driver side window has been fixed with a new motor. Needs freon if you want air. It runs and drives great im just curious on how much you would think it would go for im thinking at least 5000. It's a teal color.

How does a car trade-in work? I currently owe $13,000 on my car and according to the Kelley Blue Book...my car's trade-in value is $10,280. But I want to trade it in for a car that would probably be around $7-8,000 worth. How does a car trade-in work in my situation?

Where's the best place to trade your used car in and get the best value?? I live in the DFW area and need to trade in this POS, but don't really know the best place to get the highest value trade in. Any ideas??

can I trade my car in for something of the same value? I need a bigger car but cannot afford to pay any money out. Will I be allowed to trade my car in for something of the same or similar value?

Is there places on-line where I can try to find the trade in value of my car? I already looked at the kelly blue book site. isnt there one thats a little yellow book?...napa or something like that Is there any other ones?

What happens if you trade a car in that has a value greater than the new car you are buying? The used car is owned 100% - no financing involved.

can i trade in a car of more value for a car of less value and also get money off the dealer? i have a 02 celica and want to buy something of less value.what is the best way? i actually have it for sale for a long time and nobody seems interested.it looks like im stuck with it really,thanks for the answers

When you are buying a new car in New York State, is the trade-in value of your car tax-deductible? New car price = $20,000 Trade in Value = $5,000 Do I pay sales tax on $20,000 or $15,000?

Is the trade in value that you get from a new car dealer typically padded in the new car's price? In other words, you may get 1000.00 for your trade, but that 1000 is hidden somewhere else in the total calculation , so in essence you're getting nothing?

what do car dealers base their trade in price on. Does the nada or blue book value really mean anything????? I always research what the trade in value of my vehicle is but I do not know anyone who ever gets what the trade in value is. Does anyone get actual trade value???????

what is my car's trade in value? I have a 2005 saturn ion level 2 with 49400 miles on it. I am only the second owner. I cant figure out how to work bluebook. can some one help me? 4-door 4-cyl 2.0 liter if you need any more details im me baby_bee_23 well thats depressing seeing i paid 10 only a year ago and still owe 8!!!!

I have a car trade in and I still owe $ on it. The value is more than what I owe. How does financing work? Basically the value of my car is more than what I owe. Which is a good thing right?

can i trade my car in for a one of lesser value? my car Suzuki swift I owe= 17000 Trade in value for swift= 13000 I want to trade it in for suzuki vitara = 7000

Can I trade my paid off car for a car of the same value? I would like to trade my (paid off )truck for a more economical car. The trade in value of my truck is $18000 according to Kelly Blue Book. Is it easy to try and buy a car that is around the same price? I know that dealerships want to make money, so will they lowball my truck in order to make money? Well I do live in a rural area where trucks are king! I'm averaging about 15mpg now and hope to get a car that gets close to 30mpg. I'll look at edmunds.com value and take both trade in values with me. One time I traded and the car dealer said they used edmunds and then my friend went to the same dealership and they said they used KBB!

Trying to trade my car and dealer is using "auction" value!? I'm trying to deal for a new car and have a great 2004 to trade in. I like to trade just so I don't have to go through the hassle of selling it myself. So Edmund's says $18,000 for "trade-in" value of my car but the Toyota dealer says $15,000 for "auction value" is all they'll give "because they lose money" paying "trade-in" value. Also, they're not getting close to cutting enough on the new car...according to Edmund's (and Kelly is close), these guys would make $3K on the trade for my old car plus $2,800 for the new car for a profit of $5,800!!! Usually, I get a new car for $300-500 profit for the whole deal--I figure the dealer can't stay in business for zero profit but I don't like to get clobbered either. Well I walked after seeing the sales manager--I said there wasn't any basis for discussion--also told them that lots of Toyota dealers out there. They've been calling me every other day since then. So has anyone heard of this "auction" value? I don't think its legitimate.

how does trade in work? I wat to trade in my car worth 9000 its value is 9000 the car i want is worth 19550.? Im thinking of trading my old car in. but i dont want to go to dealership cause they might get in me. My car is worth 9000 but i still owe 9000 on it. The car i want to buy is also used but worth 19000. How does trade-in work? How much will i end up paying? Should i trade it in?

can i trade in a car i just bought with 5k mileage on it? i spent over 30k on this new car, i regret for spending so much now.. can i trade in for something cheaper? i already down 10k for that purchase.. i checked kbb for my car's trade in value's around 29k... i dunno if it's a good idea to trade in.. any advise?

When you trade-in a car towards another one, why is the value of the trade-in automatically lower than if...? you were to sell your vehicle privately? To me, a car is worth what it's worth. I don't understand how car dealers get away with having their own 'trade-in value', especially when they will just turn around and sell it for more. Seriously, does anyone know why this is so or when this first came to be? I'm talking about a car in mint condition, needing no repairs, all new tires, new brakes, no scratches, low mileage, clean in and out...why should they get a couple grand for having to do absolutely nothing?!

How do trade-ins work while money is still owed on a car? I owe about $38k more on my car, the trade-in value is around $35k. I'd like to trade it in for a car at the dealership marked at around $25-33k~ to lower my monthly payments. Is this feasible? How does this work? Would it be wiser to sell the car to a private party and buyout the loan with another private party's loan?

When trading in cars, do I have to pay taxes on the full value of the car? I'm looking to trade in a car to get a newer/better one. So say if my car has a $10,000 trade-in value, and the car I want is $20,000, will I have to pay taxes on just the $10,000 difference or on all $20,000?

trading i a car, owe 22k trade in value 18k, should I pay off the balance (4K)? I currently owe 22k on my car loan, but my car's trade in valued was at 18k. My thought process is pay off the balance of what I owe on my car, which will leave me at an even price in regards to the car which I want to get (the new car I want is around 18K as well). I don't want to have monthly payments just the car insurance bill. If I go ahead and do that will it affect my chances of getting the same warranty as if I was financing or leasing the car?

If your car gets totaled and you have full coverage, does insurance go by trade in value, private party? Value, or suggested retail value. Or do they go by any of these? I am trying to determine whether to keep full coverage on my car or not because I am fixing to make a lump sum pay off.