1) Used Car Worth
No one wants to purchase a car equipped with an engine full of problems. You want to get the best price for your trade-in and your dealer doesn't want to buy your problems. Is there any better way to get the best trade-in?
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2) Trade or Sell?
Private sale may be better for your pocketbook, but is trading in a used car better for your peace of mind? You've researched, you've fantasized, you've even test-driven your soon-to-be beauty of a new car. However...
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3) Donating to Charity
Thinking about donating your used car to charity? Do your homework before signing on the dotted line and when ready to make your donation, you'll be doing a wonderful thing for a worthy cause and for your bottom line.
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4) Dealer Trade In Lies
When you buy a car from a dealer, the dealer will assume that you have a car to trade in - and you probably do. Auto dealers want you to trade in your used car, because it's one more profit center for them and a very lucrative one at that.
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5) Trade In Title
All new cars and used cars must be properly registered and titled before the Department of Motor Vehicles (DMV) will issue license tags. What paperwork do you need and how do you transfer the title to the dealer?
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6) Dealer Profits
How will a dealer make money on your trade-in? Seems like a redundant and rhetorical question, no? Trust us, the dealer will make money on your trade-in. The real question is, how will you hang on to your wallet?
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7) ACV vs Allowance
The only way to find out what the ACV of your used car is, is to ask the sales manager to see the original appraisal sheet. But you can shop your trade-in the same way you would shop for a new car and we'll show you how.
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8) Get the Best Deal
In order to get the best deal on your trade-in, you have to have some idea of your car's worth. What's the best strategy to get an accurate sense of your car's worth without tipping your hand to the dealer?
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9) Trade in With the Dealer
Many people believe that you are required to "trade in" your vehicle, but nothing could be farther from the truth. In fact, you'll get more money for your older car by utilizing other methods to unload the vehicle.
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10) The Wholesaler's Role
The scheme of buying and selling is an intricate and highly lucrative business - for someone. There are many players in this complex and exciting game and the wholesaler is integral to the entire process.
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11) Negative Equity
If you're "upside down," you still owe money on your old car. There's no loan fairy to forgive this negative equity and the remainder of the car loan doesn't disappear, even if the dealer says, "I'll pay off that loan for you."
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12) Telling the Dealer
Show your hand too soon on your trade-in and you're dead meat. There is a right way and a wrong way to get top dollar for your trade-in and talking too soon isn't the way to go. We'll show you how and when to discuss your trade-in.
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