GREENSBORO, N.C. — Have you seen the ads? Car dealers offer “instant cash offers” for your car and “cash on the spot” for used cars. It sounds like a no-hassle way to get money for your car– instead of trying to sell it yourself.
“I looked up Kelley Blue Book, and it showed it to $37,000 trade in value. And I thought ok that’s good! I called the dealer to say run my VIN,” said Michael.
But the dealer’s offer was $7,000 less than the Kelley Blue Book trade-in value. What gives?…