LaPorte Dealership Scandal: Unpaid Trade-Ins Leave Customers and Staff Stranded

Trading in your car at a dealership can simplify your upgrade to a new ride. First, research your car's value online to prepare for negotiations. At the dealership, your car undergoes an appraisal, factoring in its condition, market demand, and reconditioning costs. The trade-in value is applied to your new purchase, reducing the amount you owe. If you have an outstanding loan, the dealer handles it—whether you have positive or negative equity. Plus, in many states, you get a tax break by only paying sales tax on the price difference. Want the best value? Compare offers before committing!

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