Question

If you are considering trading in a used car for your new one, it is best to

Select one:

a. not trade the car in, but rather sell it yourself over the internet.

b. tell the dealer right away so he can figure your trade-in credit against the purchase price of your new car.

c. negotiate the price of the new car before advising the dealer you have a trade-in.

d. not be too concerned about the value given, since dealers are required to give you at least Blue Book value.

Answer 1

If you are considering trading in a used car for your new one, then one should always be negotiated the price of the new car before telling the dealer that you have a trade in, because it will help you in exploring the better price for the new car, and it will also help in gaining a good deal because, if you are going to you tell the dealer about the trade in, then there would be less bargaining opportunities.

Other options are not appropriate because it is not selling on the internet or not being concerned about value given or telling the dealer right away.

Correct answer would be option (C)negotiate the price of the new car before advising the dealer you have a trade-in.