Question: Can I trade in my car if it’s broken?

If you have a non-running car, you are probably wondering, “Can you trade in a car with a bad engine?” The simple answer is yes, you can. While a used car dealership will allow you to trade in your broken vehicle, you won’t be taking home a large check at all.

Is it better to fix a car before trade in?

The better the condition of your old car, the better its private party sale and trade-in values, obviously. … Major repair work is best left to the pros—they can do the work for less money, and they won’t add the cost you paid for repairs to the trade-in value. Small fixes, however, are worth the effort.

Can you trade a broken car in?

Trading In A Broken Car Is Hard

It might run and drive just fine but trading in a car that needs work will hurt where it counts most: the wallet. For most dealers, trade-ins need to be reconditioned anyway. As long as the damage isn’t extensive like missing bumpers and shredded fenders, they’ll take your car on trade.

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Do car dealers Test drive your trade in?

They will check the current market value on your vehicle.

After the used car manager has test drove your trade he’ll check the current used car market in the local area, and see what your specific car is bringing on the wholesale market.

Can a car dealership return my trade in if they find something wrong with it after the sale?

No, once you sign the contract for the new car it’s over. Besides if the Manager that appraises the trade doesn’t do a proper inspection before he gives you a trade in value then that’s on them.

How do I sell my car with body damage?

How to Sell a Damaged Car

  1. Assess the damage on the car. …
  2. Contact a junk yard. …
  3. Make a list of all of the repairs that need to be made to the car and take pictures of all of the items on the list. …
  4. Set a price on the vehicle while keeping in mind the cost of repairs.

Why you should never trade in your car?

The dealer charges a premium for the convenience it offers you to take your used car off your hands. And used cars obtained on trade-ins carry a very high profit margin for dealers when they put them on their used car lot or sell them wholesale.

Can I trade in my car without buying a new one?

Many dealers will buy your car for cash without requiring you to use it as a trade-in to buy another car. When you are not in the market for a new car, deciding to sell your used car to a dealership could save you the hassle of trying to make a private sale.

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Will a dealership buy my car if I still owe?

You can trade in your car to a dealership if you still owe on it, but it has to be paid off in the process, either with trade equity or out of pocket. Trading in a car you still owe on can be a costly decision if you have negative equity.

What if a dealer sells you a damaged car?

If a dealer sold you a damaged car without providing a disclosure about the damages, you have the option of reporting the dealer to the state or filing a lawsuit.

Can you return a car and get your trade in back?

If the dealership cancels within 10 days, you get your down payment or trade-in back. … This includes your trade-in vehicle. If you gave a $2,000 down payment and a car as a trade-in, the car dealer must give you back both the $2,000 and the trade-in when you return the car you purchased.

Can you return a car you just financed?

Unless your vendor has communicated a return policy, like a 7-day time window for changing your mind, you cannot return a car due to buyer’s remorse. Once you’ve signed off on your financed car purchase, it’s legally yours.