Got a question about a car loan

[lane]

my wife has a chrysler 200 we bought brand new back in 2011.

she rarely uses it and we found a good deal for a used car.

i mean it is a perfect deal.

can i sell it back to the dealership?

it only has 7000 miles on it...never been late on a payment.

any advice on what to do?

 

[big dog cowboy]

You can sell your car to anyone you want. There are lots of places that buy cars. But be forewarned, you may not get an offer more than the balance you owe. Go to http://www.kbb.com/?psid=19999&siomid=f2agcsdl_dc|1280638542|kelley's blue book|be|nf6bw5e050 and check to see what your cars value is. That will give you a good idea of what you could expect if you decide to sell your car. Compare that to what you still owe.

The mileage will only influence the price offered to you. Not being late on any payments will only help your credit score.

 

[lane]

You can sell your car to anyone you want. There are lots of places that buy cars. But be forewarned, you may not get an offer more than the balance you owe. Go to http://www.kbb.com/?psid=19999&siomid=f2agcsdl_dc|1280638542|kelley's blue book|be|nf6bw5e050 and check to see what your cars value is. That will give you a good idea of what you could expect if you decide to sell your car. Compare that to what you still owe.

The mileage will only influence the price offered to you. Not being late on any payments will only help your credit score.

the blue book value is way more than what we owe.

we really want out of the monthly bill and we can pay cash for this bad *** used car.

will the dealership agree to buy it back?

 

[Tabascocat]

Trade it in on the used car if need be. Your car has depreciated since then and you can sell it back, but don't expect to get anything close to what you got. They will go by blue book and nothing more. Now, if this new used car is at a dealership, they should offer you more than what the car is worth if you buy from them.


I had a loooooonnngggg experience buying a new car today for my daughter. After 5 hours, she drove home with a 2015 new one. I could go on a 10 page rant if I wanted to

These car salesman's now days will do everything they can to avoid telling us the price of the car, I had to jump through hoops to get prices on any car I wanted to know. There are no longer sticker prices on windows

I digress, go by the Kelley Blue Book value. If you have time, try to sell privately....you might get more.

Now, the dealership will not simply buy the car back because you want to, it will go through the proper channels to do so. If you have the means, grab the used car and sell the Chrysler when able.

 

[big dog cowboy]

will the dealership agree to buy it back?

Sure. Like I said, lots of places buy cars besides where you bought it from. Dealerships, Carmax, put ad in Craigslist or newspaper. Stop by the dealership tomorrow and they will be glad to make you an offer if you are in a hurry.

 

[lane]

Sure. Like I said, lots of places buy cars besides where you bought it from. Dealerships, Carmax, put ad in Craigslist or newspaper. Stop by the dealership tomorrow and they will be glad to make you an offer if you are in a hurry.

thanks big doggy.

 

[lane]

one thing i failed to mention...the great deal i found is from a guy selling it from his home...not a car from the dealership.

 

[Tabascocat]

one thing i failed to mention...the great deal i found is from a guy selling it from his home...not a car from the dealership.

Buy the car if ya have the money and sell the car at any dealership or an individual. If not enough cash, get a loan and go grab it. Once ya sell the other car, pay it off

 

[big dog cowboy]

one thing i failed to mention...the great deal i found is from a guy selling it from his home...not a car from the dealership.

That is the best way to find the best cars and best deals.

 

[Idgit]

A dealer would buy your car if they think they can flip it on the lot within 30 days. If not, they'd plan to just sell it at auction, meaning you're going to get whatever they think it will sell for by sight only (they have a database of what cars are worth at auction) less the $1,500 they're going to want to make on the deal. In other words, if you're not buying your new car from the dealer, you can expect to get hosed if you sell it to them at all. If they even want to buy it at all.

Best bet is a private party sale. You'd want to research the value of the car. I'd recommend meeting in a neutral location and not at your house (if there are problems of any sort after the fact, you don't need anybody knocking on your door). You'll want to figure out what you need to do to exchange title (if you owe money on the car, the dealer holds the title and the bank that lent you the money has a first-postiion lien on it).

My take-it-completely-at-your-own-risk advice is to sell it private party. See if you can't find a mechanic with decent business who will (for a fee) let you park it at his location and try to sell if for you. Those guys always know people in the market, and you can always list the car and meet people at the mechanic's. It also lends a little bit of credibility to your sale since you've got the car at a mechanic's place of business and not in your own private driveway.

 

[LittleBoyBlue]

A dealer would buy your car if they think they can flip it on the lot within 30 days. If not, they'd plan to just sell it at auction, meaning you're going to get whatever they think it will sell for by sight only (they have a database of what cars are worth at auction) less the $1,500 they're going to want to make on the deal. In other words, if you're not buying your new car from the dealer, you can expect to get hosed if you sell it to them at all. If they even want to buy it at all.

Best bet is a private party sale. You'd want to research the value of the car. I'd recommend meeting in a neutral location and not at your house (if there are problems of any sort after the fact, you don't need anybody knocking on your door). You'll want to figure out what you need to do to exchange title (if you owe money on the car, the dealer holds the title and the bank that lent you the money has a first-postiion lien on it).

My take-it-completely-at-your-own-risk advice is to sell it private party. See if you can't find a mechanic with decent business who will (for a fee) let you park it at his location and try to sell if for you. Those guys always know people in the market, and you can always list the car and meet people at the mechanic's. It also lends a little bit of credibility to your sale since you've got the car at a mechanic's place of business and not in your own private driveway.

Buying and selling cars in my life.

This is vest advice from A to Z.


Any other way will result in big loss..... If you think about dealer trade in is always less for a reason. You want an easy out. You will lose,

You want to get as much as possible, you will have to sell it yourself. Deal with a lot of time wasters and tire kickers or worse, the guy looking to beat you up to get it for a real deal.... Especially if they see you are motivated to sell,