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Does your car have to be paid off before you can trade it in?

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Answered 2005-06-14 14:44:05


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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 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.

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

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.

If your car was repossessed and you paid the loan off do you get the title?

If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.

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.

How can you trade in a car that is in someone elsename?

You can only trade in a car that has clear title. Depending on the dealership, it may work to bring the owner of the car with you to sign off on its being a trade. Or, get the title changed at the DMV into your name before shopping for a car. If this is your wife's car, think twice about doing it without her involvement.

How do you get a cosigner off of a car title if the car is paid off?

You cant without the cosigners approval.

Need a lien release for a paid car from dime auto finance?

dime finance the loan to my car which has been paid off. Where do i go to get a letter stating that the car has been paid off so that i can sell the vehicle

Should you trade your car in or pay it off?

pay it off

You sold your ATV before it was paid off is that illegal?

I sold my ATV that was not paid off is it illegal?

Does a cosigner have rights to the car even when its paid off?

No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.

If you have a car that was charged off in 2004 and they didn't inform you of the charge off and now the car has been paid off did they have the right to do that without telling you?

Who payed the car off?Was the car repoed?

How do you get a car title for your used car?

If it is paid off, see your local DMV.

What is the law for returning a purchased car in Illinois?

If the car is on a loan, you can return the car to the creditor that has granted you a loan on it. If you have paid off the car or bought the car paid off then you can't return the car to the dealership or owner unless it states you are allowed to do so. I tried returning a car that I paid off and was allowed to return it because it did not follow the lemon laws. If it had no problems, then no I couldn't return it and get my money back on it.

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.

You borrowed 9000 to buy a new car you paid 1800 backwhat percent is paid off?

Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?

If you are executor and there is only money in IRA do you have to take the money out to pay off car loan of deceased?

Or you have to sell the car and settle the loan.