Thursday, September 22, 2011

Car finance?

After buying a car through finance (with the usual pay X amount monthly and a final pay off after 3 years deal) due to change in circumstances i now wish to change car. can I now go to suzuki and sell the car back to them or am I locked in for the 3 yearsCar finance?
You can't %26quot;sell it back%26quot; but you can trade it in for a different vehicle. You'll most likely end up %26quot;upside down%26quot; which means you owe more for the car then the new dealer is willing to give you for a trade. If you are determined to get a new car, shop, shop, shop. Use Kelly Blue Book to find the value of your current car and find out how much you owe still so you are armed with the facts. If you don't like the deal they offer, leave. If the sales person thinks you really want the car, they aren't going to come off the deal too much because they know they have you.Car finance?
They probably won't buy the car back; that's not what they do. They might consider a trade in. IF you aren't upside down on the value, sell it outright and pay it off.Car finance?
Even if you trade %26quot;down%26quot;, they'll just add the balance you owe on your current car INTO the new car loan, so you're worse off. You can try advertising in the automotive classified section of your local newspaper for someone to take over your payments.

You can try negotiating with your finance company for a longer term. It will lower payments.Car finance?
r u kidding? you cant sell a car to a dealer. the most you can do is trade in. and if you owe more than its worth, then tack on that price to the new car you are buying.Car finance?
You bought the car as opposed to leasing it. There is usually no prepayment penalty meaning you can pay the loan off in full at any time. Remember if you trade the car in you will get a lot less than if you sold it privately. Go online to the links below.... Kelley Blue Book, Edmunds, and The Black Book are tools dealers use to figure your trade in value. Plus them and MSN autos allow you to price the new car you want with options. When you have figured out what kind of car, and what options you want print out the sheets and go to the dealership. Ignore %26quot;dealer's invoice%26quot; and MSRP. The websites will tell you what the car you are buying is selling for on average in your area. If they ask about a trade in tell them you are probably selling it to a private party. Then after you have made your best deal ask them how much they will pay for your trade. Otherwise they just manipulate the sales price of the new car to cover what you think you are getting for your trade. If you hear, %26quot;I need to run it by my manager%26quot; head for the door. The key is to go in near the end of the month, perhaps on Sunday near the end of the day as they are more likely to deal. Plus they have a dealer's holdback usually ranging in price from 2-4% of the MSRP. Do't be afraid to walk away. The links below should help you.Car finance?
Depending on what state you are in there might be a three day law.



This would specific that by law you have three days to return a car from the date of purchase.



If one was to return the car now, you would get resale value for it and car prices go down tremendously after having been driven off the lot. It will probably be better if he can find a private seller for it.