Answer
Aug 11, 2016 - 08:33 PM
Your current vehicle has a market value which is assessed by the dealership when you offer it as trade-in. They will factor in the make, model, mileage, overall condition of the vehicle and repair requirements before making you an offer. This amount can be used to lower the cost of your next purchase from the dealership (they are essentially purchasing your current vehicle from you). If you still owe a finance house money for your current vehicle, this trade-in amount will be used to settle that first, with the shortfall for your account (this also needs to be settled before you can purchase a new vehicle) and any extra will be used towards lowering the cost of your intended purchase. Search our dealer directory here: http://www.autotrader.co.za/car-dealers
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