Quote:
Originally Posted by Xist
...how many people trade in cars before they pay them off? Are these cars already problematic while they are still making payments?
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I think (again, I have no firsthand knowledge, since it's been close to 30 years since I made a car payment) that most people who trade in cars do so not because there's anything wrong with the car they have, but because they want a newer model. "Clunkers" tend to be driven until they break down.
As for people buying used cars from dealers, sometimes it's just convenience: as with the few I've bought from dealers, they have a car you want and there's nothing comparable in the private market. But I think it's more often because they can put little or nothing down and make payments, something that's hard to do when you're buying from a private party.