Tips on Buying Cars: auto financing/trade in, newer cars, many cars


Question
hi jeff! my question to you is i have 3 vehicles that i'm paying on, can i take all three cars in for trade in and purchase 2 cars new or used? i don't need the third vehicle anymore and i want 2 newer cars.  is this possible?

Answer
Absolutely.  You can trade as many cars as you want for just one vehicle.  The key is finding a dealer that wants your trades enough to give you fair value, and do they have a vehicle that you feel is worth trading for.  But two or three trades for one (new or used, it makes no difference) is not unusual.  At least twice I took two cars in trade for a less expensive one, which meant the buyer got a new vehicle AND a check besides.  It rarely happens, but it is possible under the right circumstances.