Yes, you just add the payoff amount of the car you are trading to the price of the car you are buying.
If you trade-in a car that Not paid off, you will be trouble with the law.
No
no you have still have to pay for your car that's what i had to do x
you paid the dealer to take your car intrade and then the dealer got book for your trade
No. Just have to meet your state's minimum requirements
If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.
Yes, if you want to ruin your credit and still be responsible for the difference in what the car sells for and the balance on the note.
Only if you can afford payments for a new car and your used car is in very bad shape.
Depending on your state, the LENDER can get a JUDGEMENT and attach your "paid for" car(or anything else of value in your name) so when you sell it, they will get paid first.
In order to trade in a car you must be the only owner listed on the certificate of title. If a creditor is listed on the title that creditor must be paid off from the proceeds from selling the car or from the new loan.
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
Of course it is. The dealer taking the trade would become responsible for loans and liens on the car once ownership has been transferred. If the remaining money owing on the trade is not paid he could lose the car to the lender.