Trade in car to lease?

Question

Ok, so I paid off my mercedes and now want to trade it in and then lease another car. My question is say if my car is worth 80 000, can i put 20 000 down payment and ask the dealer to write me a check for the remainder of the money

Answer 1

Yep, do it all the time.  Dealer will allow 80,000 or what ever the trade value is and on the "payoff" line will be the amount you want to receive back as if you were the lein holder.  So if you want 60,000 back the payoff line will 60,000.

Answer 2

You need be informed when going to trade in your ride to a dealer.  If you are not certain of what your car is worth then you can lose a lot of potential money.



Dont be suprised if a dealer makes a low offer. It's not hard to get a quote online to check how much your car is going to fetch.  I have recommended http://tradein.123thebest.info - Good luck.

Answer 3

It is best to sell the car privately.

When you trade in, you mix the buying and selling, and it gives the dealer too many ways to s***w you (confuse you).

Good Luck...

Answer 4

You can, but be very careful, dealerships will try to keep some(or all) of the value for profit  I own a car dealership, I would love you for a customer!!.   Good Luck!!