Can a dealership reject a trade in after purchase?

In California, if you recently purchased a vehicle with dealer financing, the dealer is allowed to cancel the contract within 10 days of the contract being signed. Oftentimes, when the dealer cancels the contract it will say that the trade-in vehicle is already sold so it cannot be given back.

Can a dealership ask for their car back?

Virtually every car sale contract in California includes fine print that allows a dealer to demand return of the vehicle within 10 days.

Will a dealership buy my car if it has damage?

As long as the damage isn’t extensive like missing bumpers and shredded fenders, they’ll take your car on trade. Because body repairs are expensive, trading in a damaged car won’t be kind on your trade value. But if your car has been deemed salvage or is an insurance write-off, you might not be able to trade it in.

Why should you not tell a car dealer that you are planning to trade in a car?

Don’t tell a car dealer about your trade-in Because once we know that, we know you’re looking to get as much money as you can out of the trade-in.” Bill explains how getting more currency for your trade in can be a smokescreen that won’t save you money in the end.

What do car dealers check on trade ins?

They will check the current market value on your vehicle. After the used car manager has test drove your trade he’ll check the current used car market in the local area, and see what your specific car is bringing on the wholesale market.

When a dealership wants to buy back your car?

A dealer buy back program gives car owners the ability to trade-in or sell their vehicles to a dealership. They can also be used to give car buyers more assurance when buying a new vehicle. There are two types of dealer buy back programs: Buy Back Guarantees – This buy back deal is basically a guaranteed return policy.

Can you trade in a financed car with damage?

In many cases, yes! In fact, your trade value might be higher if you trade your car in with the body damage unrepaired. Not only can the dealer see the problem as it is, but they can also profit from doing the repairs themselves.

Can a dealer sell you a car with frame damage?

It’s illegal for a dealership to sell you a car with structural damage if they do not disclose this information prior to the sale. Car structure damage occurs when the vehicle was in a severe accident that bent, broke, or compressed the frame.

What do dealers use to determine trade value?

As stated above, the Black Book is what dealers usually refer to when trying to figure out how much a used vehicle or trade in is worth. Consumers will typically use Kelley Blue Book values when estimating new and use vehicle costs.