Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
Turns out car dealers don't make that much money when they sell you a new car. Car dealers made an average of $23 for every new car they sold in 2011, according to the National Automobile Dealers Association. Dealers are celebrating that $23, because it's a huge swing from 2010 figures, when dealers lost $180 for every car they sold.