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Steven J
When a car dealership says they will pay off your trade no matter what you owe,who really foots the bill?
                     
 




Gypzee
Rating
you do! they tack it at the end of your new financed car. I work at a car dealership.


Brooke C
Rating
you do they put it on top the car you buy and it gets finaced in their somewhere. your still the one who ends up paying it off in the long run


Laredo
You do, always. Read the numbers on your new car purchase contract and you will find it listed there. All the seller has done is buy your old loan so he can get a clear title to your trade-in. Then he includes the old loan amount in the new contract. That makes for some BIG payments.


graciouswolfe
YOU ! And here's how: they either add it to your finance charge, or give you less for your trade-in.....
Either way, you still pay......


ashmon01
When they say they will pay off your trade in no matter what you owe. They honestly pay it off to the finance company. Or they pay a note on it until they can turn around and sell it to someone else. So basically they are just trying to flip their profit. But if you still owe to much on the vehicle it isn't wise to trade it in because all you going to do is make yourself upside down.


bgee2001ca
Rating
You do Magee, you do.


Welcome to Vancouver
Rating
Dealership, if they do what you think they are saying they will do. Which is to take over and pay off your trade.

But they won't the cost will be tagged to your invoice at the end like the first respondent posted earlier.


Ricky H
Rating
You do, paying sticker price with a higher interest rate. It's a teaser to get you in. A dealership is a business no different from others, they must show a profit to keep in business. They cannot afford to break even or take a loss on any car they sell.


fwf43
Rating
Its tacked on to your loan for the car through the dealership. They pay it off, but you still pay in the long run.


mrspoppy1004
You do. Lets say you owe 5000.00 on a car and the trade in value is 2500.00. They WILL pay off your trade. But they add on the remaining 2500.00 (owed amt.-trade in value) to the cost of your new car.


~Just Being Me~
The dealship , they take your trade in and they pay the remaining balance.


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