Trading in car: I have an old Toyota Camry, over 10 yrs old w about 250K miles on it, that i am hoping to trade in for a new 2007.
i am not expcting to get much for it, i would be happy if the dealership wld take it off my hands. How difficult it is to trade in an old clunker? Can the dealership just refuse? thanks
Any dealership can refuse to do business with someone, just like any other business, however most will not do this. The best way to go about this is to be armed with a lot of knowledge. If you do your research you will know how much your car is worth at a trade-in and a private party value and you will know if the dealership is offering lower than it is worth.
- Research the value of your car as a trade-in and a private party sale at www.kbb.com. Most dealers will give you the price at the "Fair" value, so make sure you know what that amount is.
- Try looking into a private party sale and list your car on www.Autotrader.com if you don't mind dealing with the buyer's yourself.
- Check out www.Carmax.com or www.AutoNation.com as an option. They buy your car from you at a better price than most dealers and then they handle the sale.
- Before you take it in to a dealer or a broker for trade-in or sale, be sure to have it washed and vacuumed. Take out all of your personal knick knacks and junk. Make it look as nice as possible so you can get top dollar.