Trade In/Car Swap Info - Mercedes-Benz Forum

 
LinkBack Thread Tools Display Modes
post #1 of 3 (permalink) Old 06-22-2010, 12:14 AM Thread Starter
BenzWorld Junior Member
 
kewlaid's Avatar
 
Date registered: Mar 2009
Vehicle: G500, ML63, GLK350
Location: tx
Posts: 8
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
Trade In/Car Swap Info

Have an interesting situation. A friend wants to buy/take over the payment on my car while at the same time I am looking to buy another car.
MB salesman says that I could "trade" my car to the dealership and they can sell it right back to my friend for the same price minus any dealer fees, while at the same time I would be saving some sales tax from the trade in.

Anyone done any of this in/out transaction before?

KL
kewlaid is offline  
Sponsored Links
Advertisement
 
post #2 of 3 (permalink) Old 06-25-2010, 08:53 PM
BenzWorld Junior Member
 
Date registered: Apr 2009
Vehicle: 2005 CLK500 Cabrolet
Location: Auburn, WA
Posts: 18
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Sell the car to him. I believe if you allow him to take over the payments and you are still on the original loan, it could come back to haunt you. Don't destroy a friendship over a potential problem that may pop up in the future.
As far as the dealership handling the transaction, that's fine, as long as they don't extract excessive commissions due to this secondary transaction.
tizzyfit is offline  
post #3 of 3 (permalink) Old 06-25-2010, 09:36 PM
BenzWorld Member
 
Date registered: May 2010
Vehicle: '11 ML350
Location: Colorado, Arizona
Posts: 131
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Bad idea to let the friend just take over pmts. Only bad things can happen with this type of arrangement.

Yes, I have done exactly as the dealer suggests - trade in the car, get the tax benefit, and have a friend then buy it from the dealer for just a "small" handling fee. My friend still got a SUPER deal and I saved money on taxes. Not one problem was encountered with this.
FredGarvin is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > General Mercedes-Benz

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Trade swap exchange U300/U400/U500 videos MOGME Unimog 0 01-04-2010 03:04 PM
    engine swap info xtraag W140 S-Class 6 12-10-2009 10:10 AM
    Vehicle Swap, would you trade a... (WARNING No MB content) rjb190e W201 190-Class 25 08-03-2007 07:02 PM
    190E Engine Swap NEED INFO AMG_DAN W201 190-Class 2 07-14-2005 03:06 AM
    engine swap info?? euro engine in US car running rich HeirKranz W126 S,SE,SEC,SEL,SD,SDL Class 14 04-28-2005 07:18 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome