Don’t trade in cars because here are the scams the car dealers may try to pull on you when you trade in your car.

I understand if you don’t want to hassle selling your old car yourself (although you can put a lot more cash in your pocket!), but you need to educate yourself about what can happen if you trade-in your car instead of selling it yourself…

• Car dealers make 2 to 3 times more in profit from the sale of used car trade ins than they do from selling new cars.

• The dealer will give you much less than what your old car is worth because most people are ignorant of their cars true value.

• If they do give you what your used car is worth, then they will raise the selling price of your new car to make up for what they “lost” when you trade in cars.

• They will slap tons of bogus fee’s on to the price of the car you’re buying.

• If you’re getting a loan through the dealer, then you can probably expect them to raise the interest rate of your car loan…and add points too.

The truth is that when you trade in cars…you might as well walk in backwards – pants down and bent over!

Or course you will save some time when trading in a car instead of selling it yourself, but not that much, because if you do choose to trade in your car and expect to get anything remotely close to what your old car is really worth, then you still need to thoroughly clean it and research what it should sell for.

So if you spent just a little bit more time to sell your car yourself, then you can get an easy $300 to $1000 more for it – then why would you ever bother to trade in cars?

One way (and there are many) to avoid being fleeced by a used car dealer is to sell your car yourself. And if you must trade in cars, then at least see what its worth, and do a nice job cleaning it up before taking it to the dealer.