Can I remove trade-in on a contract once signed?

Question

My wife signed a contract with an auto-dealer for a new car. The car wasn't on the lot so they had to factory order it. We agreed on the total price of the car and I am still happy with the price but we had a trade-in as well that I feel did not get a good price so I would like to try and sell it privately. When the car arrives to the dealer and we show up without the trade-in, will there be a problem? I read through the contract and it doesn't mention anything about this but I can't imagine a dealer is going to turn away a customer with a check in his hand right? I know though that they didn't make much if a profit since I got the GM supplier discount. Thanks

Answer 1

They need to sell them more than you need to buy them. If you don't buy a new car.....so what.....if they don't sell them they don't eat, I'm pretty sure they will work with you...if not go elsewhere.

Answer 2

You can try, but what if the situation was the other way around?  Would you just write off the cost of the trade-in?

If they aren't making much profit on the sale of the new car, they're not going to give away the trade-in.  Why wouldn't they turn you away?  You're trying to take away from their already small profit.

You signed a legal contract. If you don't show up with the trade-in, they can either add the amount they were giving you for the trade-in to the cost of the new car, or tell you to get a lawyer.

Be friendly and ask to talk to the financial dept.  You can probably keep the trade-in, but the new car will cost that much more.