Jerry from Toronto, Ontario, Canada submitted this question about trading in a car. I posted this in the Car
Dealer Horror Story section only because of the importance of being aware and vigilant during the entire car buying
"I am trading in my car for a new one. We agreed on a $3600.00 trade-in value for my
car but then noticed only the amount of $3493.00 on the agreement. Is there a fee I have to pay for
I'm not aware of a "car trade-in fee" but its possible that a car dealer
might try to nick you with one...or they thought you wouldn't notice the lesser price...or they discovered
something about the car after they gave you that price. Either way; you should find out and make them stick to the
previously agreed upon price. You should know that you will give up a lot of money by trading in your car instead of taking a little time to sell it yourself. Car dealers
are in business to make money so you won't get anywhere near what your car would be worth if you sell it yourself.
Sure it will take you half a day or more to prepare it for selling, but then it could put an extra thousand
dollars cash in your pocket too.
Submit Your Personal Car Dealer Horror Story!