Can you trade in someone else's older car to purchase of a car for yourself. If so how?

1. Can someone else trade in their car for me?
2. How do you trade in a car to a private party?
3. How do you trade in a used car for another car?
4. Do you have to pay taxes if you trade cars?
5. Can I trade in wifes car?
6. Can my wife sell my car if its in my name?
7. How do you trade in a car that is not paid off?
8. Can you trade a car with a loan on it private party?
9. Does California lemon law apply to private sales?
10. What happens to your car loan when you trade it in?
11. Does a trade in count as a down payment?
12. When should you not trade in your car?
13. Will car dealers do an even trade?
14. Is it better to trade in a car thats paid off?
15. Can I purchase a vehicle for someone else?
16. Can my wife buy a car without me?
17. Can you sell a car that is not in your name?

Can someone else trade in their car for me?

Trading In Someone Else's Car

If your name isn't on the car's title, even if you're the primary driver, you're not the owner, and can't trade in the vehicle. However, the owner can trade in the car themselves, or sell you the vehicle you've been driving. Once you own it, it's yours to do with as you please.

How do you trade in a car to a private party?

Before applying for transfer, the buyer must speak with an insurance agent and obtain coverage on the car. The buyer and seller can then take proof of the buyer's insurance along with the seller's original title of ownership to the clerk's office and sign and transfer ownership in the presence of the clerk.

How do you trade in a used car for another car?

To start the process, all you have to do is go to the dealership you plan to buy or lease a new vehicle from and tell the car salesperson that you want to trade your old car in. They'll take the wheel from there. After giving it a test drive and appraising its value, the dealership employee will make you an offer.

Do you have to pay taxes if you trade cars?

Each of you will pay sales tax when you transfer the title and register your new to you vehicle at the DMV. Trades have value and are taxable, the same as a sale.

Can I trade in wifes car?

You can trade in a vehicle that has your husband's name on it, but he will have to sign the vehicle's title to complete the trade process. Most dealers require any titled co-owners to come to the dealership to sign the vehicle's title in front of a dealer representative.

Can my wife sell my car if its in my name?

Yes legally if the car is in your name you 'can' sell it. You probably SHOULD NOT sell it however unless you want to set yourself up to fail.

How do you trade in a car that is not paid off?

If your car is worth less than what you still owe, you have a negative equity car also known as being “upside-down” or “underwater” on your car loan. When trading in a car with negative equity, you'll have to pay the difference between the loan balance and the trade-in value.

Can you trade a car with a loan on it private party?

Yes, you can!

Does California lemon law apply to private sales?

Does California's Lemon Law Cover Private Vehicle Sales? Unfortunately, no. California's lemon law does not apply to vehicles purchased from a private seller. ... Before you buy a used vehicle from a private seller, have a mechanic you trust give the vehicle a comprehensive look.

What happens to your car loan when you trade it in?

Your car loan doesn't disappear if you trade in your car. However, the trade-in value of your car becomes credit towards your loan. This credit might cover the whole balance. If it doesn't, your dealer will roll over your loan, combining the deficit with the amount owing on your new car.

Does a trade in count as a down payment?

Yes, when buying a car or truck, your trade in vehicle can serve as your down payment.

When should you not trade in your car?

When You Should Wait to Trade In

It is best not to trade in your vehicle when you purchased it very recently. As soon as you drive a new vehicle off the lot, it loses around 10% of its value and up to 20% of its value within the first year.

Will car dealers do an even trade?

Will Car Dealerships Do An Even Trade? We will definitely do an even trade for your vehicle. ... Every one of those things costs money, so your best bet is to find out the trade-in value of your car, and look at our vehicles for something near that price.

Is it better to trade in a car thats paid off?

In most cases, it's in your best interest to pay off your car loan before you trade in your car. ... This means that if you finance your new car, your car payments will likely be higher than if you waited to trade in your car until you finished paying off your loan.

Can I purchase a vehicle for someone else?

If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you're buying it for. The only way to buy the vehicle as a surprise is to put in the loan in your own name. The title may be registered under both names.

Can my wife buy a car without me?

Yes, of course he can. Vehicles are sold to individuals, not couples, in normal situations, questioner. If the husband wishes to purchase a car, he can do so and only his credit rating will be used to approve the sale.

Can you sell a car that is not in your name?

A title is the proof of ownership and it ties the car to the name of the seller. If you try to sell a car without a title in your name, you just don't have the authority to sell it. You may also face fines and some jail time. And, you may even still be legally responsible for the car.