If I have a bought and paid for 2002 Chevy 2500 HD sitting on 35's that I have been unable to sell in the auto trader. Can I take it to a dealer and trader it in for a car that costs less? Say low blue book on it is 20k. Can I trade it in for a 10k car? Will they give me the difference? Is this something you can do? Any thoughts on this would be appreciated.
Sure, most dealers would cut you a check for the difference. I'm doing that with a new Tahoe now. I don't want to put anything down on a lease so they are cutting me a check for what ever equity I have on my trade in.