answersLogoWhite

0

In General: YES

WHat needs to happen:

You need to do one of two things:

1st and most common is to go to a dealer, pick a car, tell them you still owe money on your current car you would like to trade in and let them do the paper work to pay off your old loan and get you into a new loan and car.

2nd Go see the bank or lender you currently owe. Go through their proccedure to either get permision to sell your car and pay off the loan with the procceeds or Pre-approve financing a new car with trading your car in.

You can do several things along the way to get a better deal. A variation of #2 approach another better leander and see if they will go through the # two process to get your business.

I strongly recomend that Basically go talk to your Banker and see if he can do a better loan deal than the dealer advertises.

User Avatar

Wiki User

11y ago

What else can I help you with?