Legal Question in Consumer Law in Idaho

buying car and trade in

how is it that when you owe on your trade in and you trade in for a used or new car , that the dealer can still charge you for your used car trade in and the one that you buy. and still make more money on your trade in by selling it. im not sure but isnt the dealers getting double for your trade in and come to think of it your trade in doesnt even make a difference on the outcome. you still pay 26k for a 10k car. why is this type of thing still going on when everyone or some to most people know they are getting ripped off. toyota is one big example. i bought a camry we haggled abd the price went down but the monthly payments went from 48months to 72 months with a monthly payment of 432 for a car worth 23k and supposedly they gave me 8k for my trade in. hm i dont remember where it said in paperwork but it seems i am a victim of fast salesman. then i ask him why an he say we cant afford to pay your loan for trade in but we will give you some off and then he says well when we sell it we have to do this an this an then its price goes back up. confused me


Asked on 9/08/08, 5:52 pm

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: buying car and trade in

well, i could not find any legal issues involved in your statement. the commercial transactions take place as per mutual agreements, and of course within legal framework.

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Answered on 9/09/08, 9:23 pm


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