What happens if one purchase a car and 3 weeks later one don't like it can one trade it in for a different vehicle without extra money from your pocket?

Answer

Unfortunately, usually not. The car usually depreciates $500.00 to $2,000.00 or more depending on the car) when you drive it off the lot. The depreciation can usually be assessed by this formula: Retail - Wholesale = Dealer Profit. So, it's unlikely that the dealer will return their profit to you. The dealer is most happy to take your car back in trade, but it's very doubtful that you'll get back what you paid for it. They have to buy the car back fron you cheap enough to be able to make a profit on it. So they'll depreciate it and take a bit more off to compensate for it now being a used vehicle. Afterall, if I'm a car shopper, why would I want your month old, previously titled car for the same price as I can buy a new one for?? Thus, they'll have to price your car less than the price of a new one to have any hope of selling it, which means even less money back to you. The best thing for you is to hang onto the car if you're able, or sell it outright.

Improve Answer Discuss the question "What happens if one purchase a car and 3 weeks later one don't like it can one trade it in for a different vehicle without extra money from your pocket?" Watch Question

First answer by Sayhi2brent. Last edit by Sayhi2brent. Contributor trust: 54 [recommend contributor]. Question popularity: 25 [recommend question]

Research your answer:

Answers.com > Wiki Answers > Categories > Cars and Vehicles > Car Buying > What happens if one purchase a car and 3 weeks later one don't like it can one trade it in for a different vehicle without extra money from your pocket?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
How long after a purchase you can trade in your car?  Can you trade in two vechiles to purchase a new vechile?  How much extra money is it to paint a new car a different color?  How much do you lose if you own a new car and want to trade it in by 2 weeks?  If you purchase a used vehicle and are not happy with it can you return it or trade it back in?  Can you trade in a vehicle that is a higher value than the one you would like to purchase?