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Trading-In Your Car Amarillo TX

Former car salesman Michael Royce explains how they can afford to give you more for your trade than it's really worth. So read on for these dealership tricks and scams revealed.

Yamaha Motorcycles
(806) 373-3051
4413 E Interstate 40
Amarillo, TX
Services
Motorcycle Fabrication,ATV Dealers,Auto Dealers

Arenas Transmissions
(806) 374-2886
1720 S. Nelson
Amarillo, TX
 
Driver's Edge
(806) 553-4452
5801 Canyon Dr Suite 1
Amarillo, TX
 
Calvin's Cars
(806) 374-2833
828 S Georgia St
Amarillo, TX

Data Provided by:
Amarillo Windshields Unlimited & Glass Center
(806) 359-1618
4004 W 34th St
Amarillo, TX
 
AutoPartners Insurance
(806) 373-2700
800 Tyler (Corner Of 8th & Tyler)
Amarillo, TX
 
Frontier Motors
(806) 353-6094
4033 Canyon Dr
Amarillo, TX

Data Provided by:
Arenas Auto Service
(806) 331-2045
3809 Amarillo Blvd West
Amarillo, TX
 
Midas
(806) 359-5411
4500 S Bell
Amarillo, TX
 
Amarillo Truck Center Inc.
(806) 374-1033
2210 Whitaker Rd
Amarillo, TX
 
Data Provided by:

Trading-In Your Car

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I saw a dealer ad that said, "If we make a deal, we'll pay off your trade, no matter what you owe on it." I have a vehicle with a trade-in value of $4,000 but I owe $6,000 on it. The new car I want to buy has a $500 rebate. How can they afford to pay-off my vehicle when I owe more than it's worth?

In order to pay off the $6,000 loan for a car that is only worth $4,000, the dealership has to come up with the extra $2,000. The $500 rebate helps -- but the other $1,500 has to come from somewhere else. And the most likely place they'll find this extra money is in the profit of the new car you are buying. In other words, they need to make at least a $1,500 profit from the sale of your new car to gain that extra money. Of course, you may never know this since they can hide the $1,500 profit in several ways -- including putting it into the cost of your financing, extended warranty or other extras. The bottom line here is that, somehow,

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