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Sure, you can trade it in, but you will have to make up the difference in $$ between the selling price and what is still owed on the original lease.
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∙ 16y ago
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Can you trade if you are upside down?
An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.
Can you trade a car that's upside down?
As long as we are talking about the loan being upside down, not the car:Yes you can trade it,BUTIt is not recommended as you will pay a large penalty in extra interest.
A dealer is running an ad for 299.00 to lease an Explorer If you are upside down on your current loan and trade the car in how would this affect the advertised lease payment?
The advertised lease price is usually only for well qualified buyers. Check the fine print out. Well qualified usually means those with great-excellent credit ratings. The best person to answer this question would be the dealer that is advertising the car. They can give you more information about how much you would get for your trade in and how it would affect your payments.
If you trade in a car that you owe money on will you have to pay the previous car loan plus your new loan?
Yes. It is referred to as "upside down" financing.
How do you trade upside down car?
I recommend you not do this! This cost a lot in extra interest on your financing!In North America this is possible as long as only the financing is upside down. If the car is or has been upside down it is very difficult.The problem is you take on the finance rate.Go to a dealer, tell the truth about what you owe. They will organize up financing that pays off your old car and buys a new car.
Can you buy a car if you are 12000 upside down with your trade in?
You can but the amount(12,000) will be added to the new car loan. If you were to sell your car that you have now and pay it off, you would be better off.
Is there a radio control car that can drive upside down?
The 8015 Super Climber Wall Car can drive anywhere including upside down
Can you trade in your car to get a lease car?
Yes. If it is paid for, it will have a value, though a car lot will probably only give you a percentage. But, leases usually require some cash down, so yes, you can.
When upside down in a car loan how much more do you pay on a trade in?
If you are upside down with your car loan, meaning you owe more on it than what it is worth, you will need to pay the deficiency. That means if you owe $11,000 on your car and it is worth $9,500, then you will need to come up with $1,500 to erase the deficiency.Keep in mind that this may only be the first step. You may also need to come up with a down payment on top of paying the loan deficiency. If you do not put money down and are still approved for a car loan, then you will find yourself upside down with your new car.
You were late on your lease payment and your car was repode do you lose your trade in?
you defaulted, a contract is a contract and you have lost your trade in
When you are driving a car and you observe a number plate of a car behind you from the mirror the number plate seems to be upside down explain why this happens?
It would appear reversed, but not upside down. If it does appear upside down, then either the plate is mounted in such a manner.
What car has an upside down v logo?
Acura
