Can you trade in your used vehicle that you bought 4 months ago for a newer one and if so does the dealer pay off the prior vehicle and still give you a trade in value?

NO. He will give you the difference in the pay off on the trade in and the trade in value. Stop right where you are. Sell the vehicle yourself and pay off the loan. Then go buy another car without a trade in. The price of the car will drop as soon as you tell them you have no trade in. You will be money ahead. Trade in value is basically wholesale value. You can sell the car for far more than that yourself.

First answer by Clay. Last edit by Clay. Contributor trust: 3565 [recommend contributor]. Question popularity: 2 [recommend question]

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