What is the ruling on selling a car for a car with the difference paid in cash?
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The questioner : May Allah reward you, Shaykh: What is the ruling on selling a car for a car?
The Shaykh : What?
The questioner : Selling a car for a car?
The Shaykh : Yes.
The questioner : For example, I have a used car.
The Shaykh : Understood.
The questioner : Then ... I want to buy a new car, so I give the owner of the used car this one and pay the difference in value?
The Shaykh : He says: Exchanging new cars for old ones, if the owner of the old one wants to pay the difference between the value of the old and the new, is it permissible? The answer: Yes, because there is no riba (usury or interest) in cars. Yes, next question.
The Shaykh : What?
The questioner : Selling a car for a car?
The Shaykh : Yes.
The questioner : For example, I have a used car.
The Shaykh : Understood.
The questioner : Then ... I want to buy a new car, so I give the owner of the used car this one and pay the difference in value?
The Shaykh : He says: Exchanging new cars for old ones, if the owner of the old one wants to pay the difference between the value of the old and the new, is it permissible? The answer: Yes, because there is no riba (usury or interest) in cars. Yes, next question.