[OT] trading in your car

Sperry, Peter A -Syntegra US peter.a.sperry at syntegra.com
Wed Mar 21 12:17:33 EST 2001


I used to do a lot of computer work for car dealers in the Twin Cities area,
and I got to know the ins and outs of dealerships.  It's actually very
common for this to occur (obviously not as common as you owing them money
8>), but normally they just write you out a check for the difference.  If
you're planning on doing this, it's best to go to a dealer that gives actual
cash value for your trade (rather than determining the trade value depending
on the value of the car you're planning to purchase).  

I was at a Chevy dealer once when a guy came in and traded his brand new
Rover for a Tahoe and some other small used car they had on the lot, and
they still ended up cutting him a check!

Peter

-----Original Message-----
From: Kling_Brian at emc.com [mailto:Kling_Brian at emc.com]
Sent: Wednesday, March 21, 2001 12:01 PM
To: quattro at audifans.com
Subject: [OT] trading in your car

I'll make it quick as this is sorta off-topic:

Has anyone ever traded in a car that was valued higher than the car you
bought.  In other words, did you wind up with the dealer actually owing you
money, instead of the more normal method of you owing them money? 

If so, how was it handled?
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