Vehicle Trade-In

A vehicle trade in is the process of giving a car dealer your previous car while buying a new car in the process. Many times you will receive a discount on the new car depending upon how much the dealer is willing to pay for your old car. The specifics of handling a trade-in will vary by the practices of the dealership and the exact situation, but in many cases, trade-ins involve negotiations over the value of the existing car that happen before the finalizing of the offer the buyer makes for the new car. Once a trade in is complete, the dealership will take possesion of your old vehicle and you no longer hold any resposibility for that car.