- Can you get in trouble for trading in a bad car?
- Is it better to sell or trade in your car?
- Do recalls expire?
- How long does a dealership have to fix a recall?
- What happens if you trade in a car with problems?
- What to do with a car that is not worth fixing?
- When should you not trade in your car?
- Do dealerships have to fix recalls before selling?
- What is the best mileage to trade in a car?
- Should you buy a car that has Recalls?
- Do dealers prefer financing or cash?
- Is it illegal to sell a car with an outstanding recall?
- Can you trade in a car that needs repairs?
- Does trading in a car hurt credit?
- What should you not say to a car salesman?
- Is it worth fixing an old car?
- Can you trade in a car with a recall?
- Can you sue for a recall on a car?
- Do dealerships get paid for recalls?
- How long do recalls last on cars?
- Will a dealership buy my car if I still owe?
Can you get in trouble for trading in a bad car?
It’s not unethical to trade a car in with a known mechanical issue that you don’t disclose.
If you’re trading it in (selling it) to a dealer, then I don’t think it’s a problem.
They usually give you way less than what you could sell it for on your own..
Is it better to sell or trade in your car?
Trading in You will get less money than selling it yourself. At best, you should expect to get the vehicle’s wholesale value. You can use the trade-in amount as the down payment on the new car. To get the best price, you will probably have to haggle with an experienced salesperson over the trade-in value.
Do recalls expire?
While car recalls don’t have an expiration date, they are only enforced for “reasonable periods,” the agency says. Basically, a recall is over if a vehicle’s manufacturer goes out of business, or if the parts needed to make the necessary repair are no longer being made.
How long does a dealership have to fix a recall?
Although you are strongly urged to fix the problem right away, you technically have up to 10 years after the sale date of the vehicle to fix the problem for no charge. There is one exception, however, and that’s for tires: You must make tire recall repairs within 60 days of receiving the recall notice.
What happens if you trade in a car with problems?
While it is not unethical to trade in a car with issues, you will not get top-dollar for your trade-in. When you meet with the dealer to trade-in your used car, they will thoroughly inspect it for damage and deduct the costs if any necessary repairs need to be made from the value of your vehicle.
What to do with a car that is not worth fixing?
Method 2 of 4: Donate the junk car to a charity. There are a number of charities that operate programs to which you can donate your vehicle. Some of them employ underprivileged people to repair them and return them to service on the road. Others dismantle them for parts or simply send them to the recycler for cash.
When should you not trade in your car?
It is best not to trade in your vehicle when you purchased it very recently. As soon as you drive a new vehicle off the lot, it loses around 10 percent of its value and up to 20 percent of its value within the first year!
Do dealerships have to fix recalls before selling?
Both dealerships and private sellers are allowed to sell used cars with open recalls. They are not obligated to have the cars fixed themselves, but this is not an issue because the car’s new owner would be able to get the repairs for free. However, it is illegal for a dealership to sell a new car with an open recall.
What is the best mileage to trade in a car?
100,000-mileEven though many modern cars last well past the 100,000-mile mark, what you’ll get for trading it in drops. Because depreciation is constant, it’s best to sell or trade in your vehicle before it hits the 100,000-mile mark.
Should you buy a car that has Recalls?
“If that vehicle has an unrepaired recall, you should refuse to buy it, until it’s been repaired at an authorized dealership,” USPIRG’s Garber said. “Don’t gamble that you will have time to get it repaired after purchase.”
Do dealers prefer financing or cash?
Dealers prefer buyers who finance because they can make a profit on the loan – therefore, you should never tell them you’re paying cash. You should aim to get pricing from at least 10 dealerships. Since each dealer is selling a commodity, you want to get them in a bidding war.
Is it illegal to sell a car with an outstanding recall?
DVSA chief executive Gareth Llewellyn said: ‘It’s an offence for a motor dealer to sell a car with an outstanding vehicle safety recall. They need to get it fixed before a car is sold.
Can you trade in a car that needs repairs?
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. Because body repairs are expensive, trading in a damaged car won’t be kind on your trade value.
Does trading in a car hurt credit?
Trading in your car can hurt your credit score. Trading in your vehicle can cost you if you’re not careful. Sometimes the dealership tells you they’ll pay off the financing on your trade-in vehicle when you finance a new vehicle through them. … Williams says months of delays dropped his credit score.
What should you not say to a car salesman?
10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…•
Is it worth fixing an old car?
It is almost always less expensive to repair a car than buy a new one. Although something as severe as a blown motor or a failed transmission will run you between $3,000 and $7,000 to replace at a dealership, such repairs still don’t cost as much as buying a new car. … You really need the car to last a while longer.
Can you trade in a car with a recall?
Mr Stents said: “The answer to your question is that a dealer cannot sell a vehicle that is subject to a recall notice – whether a retail sale to a customer or a wholesale sale to another dealer or to a trade buyer. … “If there is no available fix, then the vehicle cannot be sold.”
Can you sue for a recall on a car?
Car Recalls and Lawsuits Even if you take advantage of every recall option available, you may still file a civil lawsuit for damages. For instance, the recall of faulty brake pads will provide options for repair, replacement, or refund.
Do dealerships get paid for recalls?
You see, the automakers pay the dealers handsomely to perform recalls. Let’s say the current GM recall pays the dealership two hours of labor at $100 per hour. GM pays the dealer $200 in labor costs, plus parts, which the dealer makes money on, too. … Not all dealers benefit from a recall.
How long do recalls last on cars?
10 yearsThe statute of limitations, according to NHTSA, for all no-charge recall repairs is 10 years from the original sale date of the vehicle.
Will a dealership buy my car if I still owe?
2. Address outstanding loans. If you have an outstanding loan on the car, you’ll need to decide how you’ll manage that. Many dealerships will still be happy to buy financed cars, but you should know what you want from the trade.