Vehicle Trade-in explained

The basics of trading in your vehicle at a dealership. Learn how in just minutes!

INSTAGRAM: leeguam

[ayos]

Very comprehensive and simple breakdown, thx, 👍🏾👊🏾✌🏾🇳🇬🇺🇸

[StillLifeHomocide]

I chose this breakdown video over tons of up to date videos because you explained this situation clear and straight to it. Thank you.

[solosphereentertainment]

3:04 for us who live in the real world.

[arcodean]

A budding businessman, great job man for the clear explanation on how car trade-in works.

[theghostof]

Thank you for waking through this in simple and easy to understand terms! It really helped me understand the whole process.

[cheriselovesmakeup]

Wow this was everything I needed !! Thank you

[mireynaledezma]

Video was very helpful! Loved the way you broke everything down in simple terms. Thank you for making this video!❤️

[gsheverything_]

NOW I understand this whole trade in car thing, that was super nice to comprehend...

[ecosystems]

Bottom line is you take less on the trade-in than what you can sell the vehicle privately. What you pay for is the convenience. Many people take this option to avoid the hassle (unknown) of selling their own car.

[survivor_protector_testimo]

Appreciate your work bro. Very simple and easy to understand.

[gunslinger]

yeah right NO CAR DEALER is your friend or family .

[bigbama]

Thank you ! This really helped me out a lot!

[seulstealer]

this was the most simple explanation of it! thanks!

[shiningstar]

I would like to know how would that play out if you're bringing in your car for a trade and you're still in debt but you want to downgrade in your car and the price?

[khaleesidove]

This is perfect! Exactly what I needed/wanted to know! ^_^

[ThePeterPan]

Very nice, you educate me so much about trade in. Thank you for this video. 👌

[victorrenteria]

What if your car is worth 25k and you want to trade in for something cheaper say 17k for example, how would that work?

[SMYL-LA]

I currently own a 2020 Chevy Camaro that has a value of $27000 with. However, I still need to pay off $12800 for it so I have positive equity. My intention is to trade it for a 2023 Cadillac CT5. Can you please advise me on what to do based on your experience?

[bajaboy]

That's not how dealerships work. If you trade in your car(worth $10k) for a car that's worth $25k, they do not subtract $10k from $25k, they add it to it. You won't be financing $25k, it will actually be $35k. The dealership sells your $10k trade in at the auction, the finance company pays them their $25k and you're stuck paying for the new car and the car you traded in. They'll tell you the price went up to $35k because you may have a bad credit score or because financing and taxes. But it's all BS. Your best bet if possible, get the car without trading in your old car. They're still going to get you by asking you for a cash deposit, low ball them by saying you only have $5k or so. Cheers 🍻

[iamfrankcaceres]

U doing your thing man! Yeah the taxes and warranty are missing