Hendersonville, NC asked in Contracts for North Carolina

Q: Have a question about a dealership undervaluing and underpaying for my trade in

The dealership posted my truck for 8500 more the very next day that I traded it. Would not give me what the vehicle is worth.

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1 Lawyer Answer
Tim Akpinar
Tim Akpinar

A: Many people who sell or trade vehicles (or other objects) experience this. As a general rule, the law does not impose a requirement that money paid for something be fair market value or a good deal when it comes to the sale of goods or property. It could be whatever the parties bargain for, with the exception of instances of deceit, egregious conduct, or a few narrow exceptions addressed by state consumer laws. Good luck

Tim Akpinar

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