As Salaamu Alaikum,
Is it permissible to do a trade where i take my car to a dealer he value it an put the money towards a new vehicle and i pay an installment until it is paid of.
Wa Alaikum As Salaam,
Yes, it is permissible to do so. In reality, it is a transaction in which you are purchasing a new vehicle from him, and he takes your vehicle as a part payment towards the new vehicle and asks you to pay the remaining amount in cash-through installments.
And Allah Knows best
Mufti Waseem Khan
This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.