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∙ 18y ago
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Can you trade in a car that's not paid off and not co sign for another car?
If you trade-in a car that Not paid off, you will be trouble with the law.
Can you trade in a car that isn't fully paid off?
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 your car in to a dealer and still owed money on it but the dealer never paid it off whos accountable?
Once you sign the release of liability at the dealership when you trade the car , the dealer is responsible for the pay off.
Should you trade in your used car that is paid off for a new car?
Only if you can afford payments for a new car and your used car is in very bad shape.
Can one person on the loan trade it in without the other signing off?
As long as you weren't a registered owner. If they trade the car in, then the trade should be paid off by the dealer where they bought the new car. This is actually good for you, since I'm assuming you didn't cosign the newest car loan. You're off the hook.
How can you get your car back if you paid the car loan off but haven't paid the interest that occured over the years off and they still came and repossessed your car?
The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.
Can you trade in a car and you are not on the loan?
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.
Can you trade in a car that is listed on your credit as charge off?
yes u can my mom has before
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
How do you trade in a car that is not paid off?
Pay the bill off and sell it or borrow enough on the new car to pay off the old car and finance then new one. My advice is to not consider trading until you pay off the car you now own. That way you will be in a much better financial condition to purchase another car.
Will trading in a car not yet paid for a newer car cause you to pay more money?
Yes, of course. Because the loan on that first vehicle still needs to be paid off. The best thing to do is not trade it in, but try to sell it on your own. Then use part of that money to pay off the loan and the rest as a down payment on the new car. You're never getting as much as you think you're getting when you trade in a car. Remember: The dealer has to detail, repair, etc. that trade in before they can sell it and they intend to sell it for a PROFIT. If it seems like you're getting a good price for the car, you're probably paying a lot for the new car you're trading in for.
How can you eliminate your auto loan without finishing the payoff?
One way or another, the loan has to be paid off. If you trade the car in, you can get the payoff added to the amount financed on the new car.
