Has anyone experienced a used car dealer wanting their car back because they valued the trade-in too low?

They thought they were making profit on the deal then later found out they over valued your trade and are now either not making as much or maybe even loosing money on the deal. If all the paperwork was signed and you paid cash, then darn the bad luck. There the professionals not you if they made a mistake too bad. Not your fault. I doubt they would have been willing to give you any money back if they found out that the trade in was worth more than they thought. If they try this again ask them if they would like a judge to decide whats right. Sounds like you got a good deal.Has anyone experienced a used car dealer wanting their car back because they valued the trade-in too low?
If the dealer is saying they under priced your trade-in and are saying they want to give you some money back I wouldn't believe it and would suspect some plan to get you back and upsell you on some add-ons, traders, after all, always under price trade-ins! If they are saying they gave you too much for your trade-in and want you to give them more money well that's their mistake and you can either ignore them or complain to trading standards or the US equivalent.
1 mad jack is sort of right..but read your contract Ill bet you are on the hook..contract usually sez your deal is based on getting the finance at a certain rate,,,if it doesn't come through they have the right to get finance at another rate,,

dont assUme because you drove off with the car you now own it,,,deal with it before you have a cop pull you over for auto theft..probably will not happen but the loan co and dealer own the car until its paid off..Has anyone experienced a used car dealer wanting their car back because they valued the trade-in too low?
Never. Sounds like a ploy to get you back into the dealership to me. I would definitely be wary of them, as even ethical dealerships don't do this sort of thing.



They probably want you to sign some new paperwork for a higher interest rate because they were unable to finance you for whatever rate you signed for.
Isn't that the point of business? Buying something for less than its value so you can resale and make a profit? I would make sure that all the figures, interest rates, etc. will remain the same (or better) before I even put my name on anything. That sounds really fishy. I'd ask a lot of questions.



If I got someone's trade for next to nothing, why would I call them back and say "hey, I meant to give you more for your trade so I'd lose more money. Let's retry this."Has anyone experienced a used car dealer wanting their car back because they valued the trade-in too low?
They valued your trade in too low? Doesn't that mean that they made more money on you than they thought they would? This sounds very fishy to me. I would just tell them that you signed a contract and you don't plan on giving the car back. There is really nothing they can do about it.
If the new car is signed over to you and in your name, don't do it. Bout you and the dealer signed a contract, the sales agreement. Let them take you to court. You will win.
Nope, when you sign those papers its all over, even if the trade it car breaks down, they cant do anything about it
No, it has never happened to me. You should just say no, once its yours its yours.
No but I know of a person who have wanted their house back because they got offered more for another house. :)
Yeah,



I would not worry about it.