Avtorentacar.com presents you “New Car Buying Tip: Don’t Trade In A Car You Owe Money On”, an article written by Chris Kavila. We hope you’ll find a lot useful information in here.
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Here is a new car buying tip that can save you a lot of anxiety and grief, if not money.
It is quite common for people buying a new car to trade in their old car, and this tip will help you avoid the pitfall of such an action. Many times the happy customer drives away into the sunset and forgets all about this tiny detail only to get a very rude awakening a few weeks later. They suddenly find out that their new car dealer did not pay off their car loan in a couple of days as promised.
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Legally when the bank calls, the loan is still in your name and you are therefore still liable and responsible.
The new car buying tip here that you really need to remember and enforce at all times, no matter how much you trust the car dealer, is to make sure that the car dealer puts everything in writing. It is really that simple. They need to put their promised intentions in writing that they will pay off your car loan in 10 days as promised verbally.
If they can not put it in writing then you should not under any circumstances whatsoever make the deal.
This is one tip for new car buying that has absolutely no exceptions.
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Visit Chris Kavila’s buying a new car blog for other interesting tips and stuff you need to know when buying a new car. Visit now and claim the free gift of a detailed eGuide on how to shop for and buy a new car hassle free.
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