Question:
I was told that because the mileage on the car I bought was so low for the year that it is(15000miles for a 2002) that I could pay it for a year and take it back next year and trade it in and drive off with a newer car for about the same payment plan, because they would probably be able to sell my car for about the same amount I bought it for? Is this true?
Answers:
Should I try to sell my 2004 Ford Mustang or should I let the leasing company take it back?
If you lease it.What is the oldest model car you can get financed for five years?
Can be but that was a year ago. Markets change. The only thing you can do is have the car appraised for a value by a dealership and go through the numbers with them to see if this is true.I use Chevy Blazers for work and 2 years ago I bought a used one for almost $5,000 less than what it was on the dealers lot for. Thinking that will really help in a few years when I sell it and allow me to get money back. Well then gas prices went through the roof and the demand for SUV's is gone. I am not taking a loss on the truck but do only break even now....so for others who didn't get my $5000 off price.....are now $5000 in the hole.
Trade in depends on miles on the car, the make/model of the car, the color of the car, condition of exterior/interior, how good the tires are, etc. The more wrong with the car, the less you will get as the dealer will have to fix these things to be able to sell the car on his lot.
I want a car thats cheap to insure and good on petrol but I want it to look nice (I'm a girl!)?
my thought would be no. you lose money on your car as soon as it leaves the dealershipDid you expect the salesman to say otherwise... I wish and hope in your case what was said is true, becauce reality says you been dealing with a salesman thats learned to tell the consumers what they want to hear...
Yes you can take your car back anytime and get a new one, but you cant have your cake and eat it two, there are steps to follow buying a car and reassurance can make a difference... when your ready to go shopping please go to my website http://www.usedcartips.org/ and study the steps
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