What are all the requirements for trading in a car?
I talked to a lady at Nissan about if I could trade my 98 Honda accord for one of there cars, she asked me how much was i looking to pay a month, long story short on Monday I will be heading up there to see what I can trade it for.
I have the title and all that good stuff so are there any requirements for trading it in? I bought it from a private seller i don't know if that will effect if I can trade it in or not.
A Nissan dealer does not really want a 1998 anything. They will give you something as a trade in and it will be off to the used car auction lot on the next truck. The best you can do is bring it in clean.
Max is right. A 1998 car is not worth much to a dealer. So you won't get much credit toward the purchase of another car. If you don't have much down payment cash, this is not good news -- because trade-in credit is used as a partial down payment. You'll get more money for the old car if you sell it to an individual, not trade it.
Best to sell it on your own. You will get $1000-1500 more oftentimes. But it can take a few months.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
- Trading in financed car? I have a 2016 Hyundai with 35k miles. I still owe $14,500 on the car. Is it possible to trade the car in for instance, a $9,000 used Honda, without owing money? My goal is to eliminate monthly car payments.
- How Strict is Illinois on it's Motorcycle Engine CC license requirements? I was doing my research and found that for motorcycles/scooters anything less than 150cc requires a class L license and anything over 150cc requires a class M in the state of Illinois. I was looking at the Honda PCX150, which based on Honda's specs, has a 153cc engine in it. Now I know that's over the 150 mark, but I was curious if anyone know from experience if the Illinois DMV is willing to let 3cc slip and allow it to be operated under a class L license.
- How to transfer my auto-loan to another vehicle when trading? I'm a planning to get rid of my Honda to get a Nissan. I still owe about $1.5k on my Honda through Chase Bank. I will also pay $2k more for the Nissan. So basically is there anyway to transfer the loan to my new vehicle? And if possible can I add the $2k onto the loan? So I would then have a $3.5k loan? Basically I'm trading this guy for his Nissan 350z and I will pay him $2000