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Old 29.11.2011, 19:38
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Vehicle Trade-in, how does it work here?

Hi There,

As my first post, I wasn't 100% sure this should go fall under transportation or the finance section, so I just assumed here.

My wife and I will be having our first baby very soon and are thinking of trading in/selling our car. We have a Ford Fiesta 2-Door Hatchback Special Edition and as you can imagine, it doesn't have very much room. So we were thinking of either selling it and buying something else, or trading it in and getting a less expensive but more practical vehicle.

The problem lies in that my wife's loan is for another two years and we owe approximately 20k on it. The car was purchased at around 30k, and from my research, it appears to be worth around 18k private sale. So we figured if it was too difficult to sell, perhaps we can take it to a dealer and get a vehicle for 10k or under, without having the rest of the lease tacked on but I'm unsure as to how these things work here.

If anyone could shed some light on this topic, it would be greatly appreciated.

Thanks.
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Old 29.11.2011, 20:01
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Re: Vehicle Trade-in, how does it work here?

it doesnt work that way. you will almost never sell a vehicle to a dealer and then get a cheaper one.

the dealer will MAYBE gove you 15k for it if that AND then rip you an even bigger one on the old car he is selling you.

Sell it privatly, then import from Germany or so.
Biggest financial mistake I personally ever made was buy a car in CH. Luckily my loan was in Euros so in the end I came out well....
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