trading in a car???

[i-VTEC?]

is it possible to trade in a car that has greater value than the car you are going to buy from the dealership.... how does that work?

[TE4MFaint]

Then you sell it privately so you get more money.

I'm guessing they would just give you cash ontop. But if it is greater value, they probably wont give you equal trade in, it is a dealership afterall.

[me&you]

Originally posted by i-VTEC?
is it possible to trade in a car that has greater value than the car you are going to buy from the dealership.... how does that work?

Depends what you're trading in.

Have you been offered more on the trade in, or do you just THINK that your car is worth more?

If your car is worth more, you'll have a few options. You can trade it in and get money on top of the new car, plus you won't pay any GST. Or, you can sell it privately for more than the amount the dealer will pay you, but then you have to pay the full amount of GST on your new vehicle.

Do some quick calculations and see which way you come out further ahead.

[bobby_lu]

If you think your car is worth more...the wholesale on it will probably be less than the retail on the "Cheaper" car, so they will probably still try to get some money out of you lol