Is it possible to return your car back to the dealer even if its not paid off yet...and get another ,,more ?

Question

expensive one?

Answer 1

Yes, you can take to the dealership and they will appraise your current car. If you owe more than the value, then you will have to roll the negative into the new loan. Good luck

Answer 2

It's not quite that simple. You have to trade the car back to the dealer (if he wants it), who will only pay you wholesale price.  When you bought your your car you paid retail price. When you trade, you only get wholesale, or less. You always lose money on trades.

If you still have a loan on the old car and you owe more than the car is worth, the negative equity will be ADDED to the price of you new car, making it even more expernsive.

Answer 3

That's what they call a trade-in. The dealer will explain what they can do.

Sometimes, you can't afford to trade, for various reasons, but of course if you've got money, you can drive whatever you want.

Answer 4

Yes you can trade it in for another car.  Just expect to be paying for the new car and at least part of the old one.  They wont take it back for the same as you bought it for.