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A "rough trade-in" is an industry term for a vehicle with significant exterior or interior damage that an owner wants to trade in. This damage might require extensive repairs or restorations to ...
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Trading in your car to buy another vehicle may work better at certain points of the year than others, depending on the year, make and model of your vehicle. As Fix explained it, weather conditions ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
Negotiate: If you plan to trade your car in at a local dealership, be prepared to negotiate with a salesperson. They’ll try to get the best deal possible to make a profit when they sell the car ...
Consignee and consignor – as pertaining to auctions, the consignor (also called the seller, and in some contexts the vendor) is the person owning the item to be auctioned or the owner's representative, [139] while the consignee is the auction house. The consignor maintains title until such time that an item is purchased by a bidder and the ...