Returning a car to the dealer vs selling
By sedel1027
@sedel1027 (17846)
Cupertino, California
August 12, 2011 11:07pm CST
My husband is in line for 2 surgeries which would keep him from driving for about a year. We are thinking about selling his car, which is a Subaru. I know Subaru has a trade in guarantee where they give you X amount for your car, I don't know if selling your car back to them falls into that category or not. We are just thinking if the loan shows as paid, that will help his credit score (it was his first large purchase & first car loan) and instead of paying the car note plus insurance on the car (save the car note and use the insurance to pay off other debt), we can save that money for a new car when he can drive again.
Would it be better for us to turn the car back into the dealer or sell the car?
3 responses
@sedel1027 (17846)
• Cupertino, California
26 Nov 11
We actually ended up trading it in. The dealer gave us $19k for it and we got a new car financed at 3%, saved us about $100/month on the payment and he got a much nicer car
@Nadinest1 (2016)
• Canada
13 Aug 11
Doesn't it always stand to reason that we all get more money from selling our car out right, rather than trading it in to the dealer. So, I assume you would get more money by selling it yourself, then letting the dealer buy it back...there might be extra fees too that you would need to look into with the dealer.
Good luck.
@stephcjh (38473)
• United States
13 Aug 11
I think you would be alot better off to seel the car to someone else. The dealership may not give you what you want or need out of it. It may also hurt your credit score if you turn it back in.
