Can You Trade in a Car with the Engine Light On?
The answer is yes, you can trade in a car with the engine light on. However, the value of your car will be reduced, and you may have to pay for repairs before the dealership will accept it.
If you’re thinking about trading in a car with the engine light on, there are a few things you should keep in mind:
1. The severity of the issue
Not all engine lights are created equal. Some are more serious than others. If the engine light is flashing, or if it’s accompanied by other symptoms, such as a loss of power or a rough idle, it’s important to have the car diagnosed by a mechanic before you trade it in. The more serious the issue, the more it will affect the value of your car.
2. The cost of repairs
If the engine light is on, you’ll need to factor in the cost of repairs when you’re negotiating the trade-in value of your car. The cost of repairs will vary depending on the severity of the issue. If the repairs are going to be expensive, you may want to consider selling the car privately instead of trading it in.
3. The dealership’s policies
Some dealerships will not accept cars with the engine light on. Others may accept them, but they will offer you a lower trade-in value. It’s important to check with the dealership before you trade in your car to see what their policies are.
4. Your negotiating power
If you’re trading in a car with the engine light on, you’ll need to be prepared to negotiate. The dealership will likely offer you a lower trade-in value than you would get if the engine light was not on. However, you can try to negotiate a higher trade-in value by pointing out the other positive features of your car.
5. The bottom line
Whether or not you can trade in a car with the engine light on depends on the severity of the issue, the cost of repairs, the dealership’s policies, and your negotiating power. If you have any questions, it’s always best to consult with a mechanic before you make a decision.
