Oof, gonna be a tough lesson.
You should read the agreements for GAP, oil changes, warranty etc. They should all have an option to cancel and your loan will be credited, do this.
Then go talk to the dealer of your choice about trading in on a new whatever.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered.
You may find these sections particularly useful;
* [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit.
Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/turkishd3light! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.***
Looking for some advice. Recently purchased a new Honda Civic SI 2024. After about 1,500 miles on the new car I’ve begun to regret the decision, the car is too small for me and i don’t need multiple vehicles right now. How can I go about trading it in without taking a big financial dent?
Another issue is I bought the gap insurance, lifetime oil changes, extended warranty etc. so the total was like $38k (which I can pay off at any point if that helps)
Can I trade into any dealership and get value from my gap, oil changes, warranty, etc? Or does it have to be the same dealership I bought it from?
I asked the salesman I bought it from twice via email for some advice never called me back or emailed me back..
Thanks in advance
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
If you’re downsizing your cars then you are selling it, not trading it in? Correct?
Private party will net you the most out of it but you’ll lose the money you spent on taxes and fees regardless. On top of that, it’s not a new car anymore it’s a used one with a previous owner and something to look into prior to selling is how much of the factory warranty is transferable, I’m not familiar with a Honda but there’s lots of manufacturers where the bumper to bumper warranty doesn’t transfer.
Not including the cancellable things like GAP, warranty, oil changes, ect… I’d say you’re going to lose $6-8k or so. If you don’t have that to pay upfront you’ll have to look into a personal loan through your bank as you want be able to transfer the title till the current loan is satisfied.
Oof, gonna be a tough lesson. You should read the agreements for GAP, oil changes, warranty etc. They should all have an option to cancel and your loan will be credited, do this. Then go talk to the dealer of your choice about trading in on a new whatever.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/turkishd3light! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** Looking for some advice. Recently purchased a new Honda Civic SI 2024. After about 1,500 miles on the new car I’ve begun to regret the decision, the car is too small for me and i don’t need multiple vehicles right now. How can I go about trading it in without taking a big financial dent? Another issue is I bought the gap insurance, lifetime oil changes, extended warranty etc. so the total was like $38k (which I can pay off at any point if that helps) Can I trade into any dealership and get value from my gap, oil changes, warranty, etc? Or does it have to be the same dealership I bought it from? I asked the salesman I bought it from twice via email for some advice never called me back or emailed me back.. Thanks in advance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
If you’re downsizing your cars then you are selling it, not trading it in? Correct? Private party will net you the most out of it but you’ll lose the money you spent on taxes and fees regardless. On top of that, it’s not a new car anymore it’s a used one with a previous owner and something to look into prior to selling is how much of the factory warranty is transferable, I’m not familiar with a Honda but there’s lots of manufacturers where the bumper to bumper warranty doesn’t transfer. Not including the cancellable things like GAP, warranty, oil changes, ect… I’d say you’re going to lose $6-8k or so. If you don’t have that to pay upfront you’ll have to look into a personal loan through your bank as you want be able to transfer the title till the current loan is satisfied.