Dealers are starting to refuse certain vehicles as trade ins.

Geez, if the massive rip-off of customers can't continue all those stealerships have assured their own bankruptcy! Kind of makes me happy just thinking about how they won't be able to scam people anymore because they went broke!

 

are you certain this is true?

 

New Car Dealerships will take your old car. They keep "a few" to sell on lot, but most go to auction.

 

...and usually under Black Book.

 

It has been my experience that dealers will take anything for a trade, because they will only give you a token amount of money to make the deal look good. Part of the how much can you pay a month game. I can sell you a car for $100 a month for the rest of your life. That's a great deal if your 80 years old; but don't be surprise if it becomes a paperweight tomorrow. By the way; you still owe me $100 a month because your still breathing......

 

Ahhhh....the Yoo-tubes.
They're masterful with their click bait, aren't they?

A dealership not allowing their victims to get cheated on their trade-ins????
-really?

I turn this frown upside down by not allowing them to buy MY car.
Well....I mean they actually CAN buy it I suppose.
If they throw enough cash my way I'll sell them my HOUSE too.....but when I go to a dealership to buy a car, I'm JUST buying a car.

 

Would that not presume that being black is a perjorative?

I expressed myself poorly above.
I do not trade vehicles to dealerships.
My last one (an 09 Sierra) I gave to my brother in law.
Others I sell outright.

The Premise of the YouTube video is utterly false.
A dealership will take ANY vehicle on trade if their victim is foolish enough to give it to them.

AI generated Click-bait.

 

Dealers/Clickbait...Yep.

 

Dealers taking your car in trade only works for people who don't know vehicle values and don't want to think about how much of a loss they take for being low balled becuase they're too focused on accepting upside down financing for something that is brand new.

 

Private sale for my last half dozen vehicles. Never took more than 48 hours. Always cash or bank check with bank verified account balance deposit. Everything from a Honda to a Porsche. Several Toyotas. Simple online ads. Set price. Lots of calls. First to the post with cash wins.

And I'm fortunate enough to be able pay cash for my cars bought online with effectively competitive bidding. Might have traveled 250 miles to pick up the right car for the right price.

Doing it that way you can clearly see the figures, no surprises hiding in the F&I paperwork which is where a dealer makes his profit

 

Clearly the kettle isn't listening... But same could be said for the pot too.

 

I (we) did it the other way 'round with my 2023 purchase - but the best bet is ALWAYS to pay cash for a new vehicle purchase if this is possible.
EVEN though the economy is much better now than when I bought my last car 60-month new car loan rates are hovering around 7% and stock market index funds averaging historical returns of roughly 8% to 10% - AND....I'm old enough to remember when 60-month new car loans were considered to be moronic.
This means that if you take the loan and invest the cash, the investment spread is completely wiped out by investment taxes - even at today's historically low tax rates.
Paying cash guarantees an immediate, tax-free return equal to your loan's interest rate.

Proverbs 22-7
"The rich rule over the poor, and the borrower is slave to the lender".