Early trade-in handover/payment procedure ??

[wai]

I'm extremely reluctant to handover without payment in case the Skoda dealership goes belly up.

I would be asking for the value of the trade in to be deposited to my bank account before I did this. Dealerships can go at any time, and once they have your car in their hands, if thing go bad, you will never see the car or the money.

This does not mean they will go bad, it is a balancing of the risks.

In line with your query, I would not. When the trade in was valued, this would or should have been taken into account.

[bluefrog]

thanks, I've decided that they won't be laying eyes on my car without the $$$ in the bank first ; )

[peedman]

Looks like you have already decided what to do but normally they offer to either give you a cheque for the trade in or they take that amount off the balance of the car.