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General Discussions
The Watercooler
Any logical reason why you can't sell a car you bought new?
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<blockquote data-quote="DammitJanet" data-source="post: 599036" data-attributes="member: 1514"><p>well if he is buying it outright, the fact is he if probably underwater on the loan anyway. that means he probably owes more for the car than it is worth right now so even if he sold it he would have to pay more to the loan than he would get from a private individual. Now if he can go to a dealer and trade it for a small, cheap and reliable car he may come out better because they would pay off his loan. I would wait until he saw one of those ads for "we will pay off your car no matter what you owe" deals. we get those or the "drive in any car and get 8000 trade in" ads.</p><p>"</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 599036, member: 1514"] well if he is buying it outright, the fact is he if probably underwater on the loan anyway. that means he probably owes more for the car than it is worth right now so even if he sold it he would have to pay more to the loan than he would get from a private individual. Now if he can go to a dealer and trade it for a small, cheap and reliable car he may come out better because they would pay off his loan. I would wait until he saw one of those ads for "we will pay off your car no matter what you owe" deals. we get those or the "drive in any car and get 8000 trade in" ads. " [/QUOTE]
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The Watercooler
Any logical reason why you can't sell a car you bought new?
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