Hello,
I want to trade in my car for a newer one. I went to Santiago and found the car I would like to get. I have negotiated the price and the price for my trade in. My question is..... What is the process for trading in a car in regards to the payment and the paperwork? Here is what the dealer is telling me.
I need to pay for the difference between the value of my car and the car I want when we meet at the lawyers office.
The dealer will write me a receipt (contract) and it will be notarized by a lawyer at the lawyers office.
I need to give the dealer my original matricula (title) for the car that I am trading in.
I can take the new car home that day.
The matricula (title) for the new car will be ready in 3 days and will be put into my name. I can pick it up from him.
Does this sound right? I thought he would just give me the original matricula in his name, he would sign the back, and then I would transfer it myself with the notarized bill of sale that we got at the lawyers office.
Thanks!
I want to trade in my car for a newer one. I went to Santiago and found the car I would like to get. I have negotiated the price and the price for my trade in. My question is..... What is the process for trading in a car in regards to the payment and the paperwork? Here is what the dealer is telling me.
I need to pay for the difference between the value of my car and the car I want when we meet at the lawyers office.
The dealer will write me a receipt (contract) and it will be notarized by a lawyer at the lawyers office.
I need to give the dealer my original matricula (title) for the car that I am trading in.
I can take the new car home that day.
The matricula (title) for the new car will be ready in 3 days and will be put into my name. I can pick it up from him.
Does this sound right? I thought he would just give me the original matricula in his name, he would sign the back, and then I would transfer it myself with the notarized bill of sale that we got at the lawyers office.
Thanks!
