Sep 22 2008
Negative Trade-In Value
Negative trade-in value is a type of auto dealer fraud and consists of a car dealer lying or misrepresents the value of your trade-in. This type of vehicle fraud can include informing you that you owe more than the car is worth (sometimes a lie in and of itself) and building in the extra cost into your new loan by adding it to the price of the newly purchased car. This causes you to pay additional taxes and interest on your new car.
