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This is tricky. If you trade in your car and get what you owe on it, it is likely you are paying more for your new vehicle (they always mark up the price to equal everything out). If they only give you what the vehicle is worth by blue book value, then they will give you a better deal on the new vehicle. If you want the best deal, then sell the car person-to-person and then buy yourself a new vehicle.

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โˆ™ 2006-03-21 02:10:44
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Q: Can you trade in your car and get the same for it if you still owe on it?
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Related questions

Can you trade-in your car for a used car?

yes, even if you still owe money on your current car


Can you trade in a car you still owe on for a new car?

Yes you can, but it depends on the dealership you trade it to...some of them will be willing to pay it off when they receive it as a trade.


Can you trade in your car if you still owe on the auto loan?

yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan


Can you trade in a deceased persons car if they still owe money on it?

If they have the letter of authority, yes.


I want to trade my car but i still owe 12474.00 can i just buy a new car?

Yes you can trade your car in, but they are only going to give you what the blue book value is. Then the remainder of what you still owe, they will put it towards the new vehicle you get. I know this because I done it.


How do you trade in your car when you are still paying the loan for the car?

The balance you owe on the car that is getting traded in will be added to your new car loan. Example You owe 10,000 for the car you want to trade in They give you 6,000 for trade in your new car costs 20,000 you will either have to pay that 4,000 or they will add it onto your new car loan from your car you traded in.


Can you trade in your new car that you still owe on but have a lot of equity for a significantly cheaper car?

Yes, but your trade in value may or may not cover for the cheaper car so whatever you owe on your current loan will be tacked onto your future loan for the cheaper car you are speaking about.


Is it smart to trade a car in a car when you owe more then it is worth?

yes


If you still owe on a car would you be able to trade it in for another vehicle and what would happen to the remaining balance?

Yes, you can trade a car when you still owe money on it. The key is what is the difference between what you owe and what the car is worth. Dealers refer to this is being "upside down" in your trade. If the amount isn't too much, you should be able to roll it into your next loan. If it's a lot, you may have to come up with some cash. Find out what car dealers don't want you to know at www.dealertricks.com


Can you trade in a used car for another car if you are still making payments on the first car?

Yes you can, but you have to owe less on the car than the trade in given. In other words if you owe 2,000 on the car and they give you three that means the loan on car 1 gets paid off and you have a 1,000 towards the price of car 2. But if you owed 5,000 on car 1 and they gave you 3,000 you would still have a balance due on car loan 1.


How do you get rid of a car on which you still owe money?

Sell it privately for what you owe on it.


If your car is totaled and you still owe for your car do you have to still pay for it?

Hell yea

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