We're sure that dealers must see all sorts of interesting trade ins, but this one may take the cake. Red River Chevrolet in Bossier City, Louisiana, recently had a customer come in with an odd request. Tina Boyter wanted to trade in three vehicles on a brand-new 2013 Chevy Corvette. Among the hardware was 1980 Corvette, a 1978 Cadillac Eldorado and a 1914 Ford Model T. While the '80 Corvette had been her personal car for years, the '78 Eldorado had belonged to Boyter's mother before she traded u
One would never mistake a shiny new tech-filled Tesla Motors dealership for a used-car lot, but with several years worth of Teslas already on the road, that notion is about to get very real. Those retreads will be pretty rarified, though.
Whaddya think, that Volt buyers were trading in a Cadillac for their new plug-ins? Nope. Most buyers of Chevrolet Volt extended-range plug-in vehicles are coming in from outside of the General Motors family, the automaker says.
Many consumers who buy a new car still owe money on the car they're trading in. The situation is usually handled by the dealer agreeing to pay off the old loan, the cost of which might be folded into the new car price. No problem a year ago, but it's a bigger issue now. With 5,000 dealers closing their doors last year, some of those old loans aren't getting paid off. Consumers who bought new cars are finding out they're still on the hook for the old car loans, and in some cases, if another consu