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Q: How does trading in a financed car work?
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Related questions

You want to sell your financed car; but how does the transferring of the title work?

Contact your lender.


Can you register a financed car?

You can, should, and are legally required to register a financed car.


Who financed Howard Carter's work?

Lord Carnarvon financed his work


Who pays the payoff balance when trading in a car?

Whoever is selling you the new car and then they roll it into the amount you are paying for the new car, charge you to do this and if it is dealer financed, they get the interest on that money. Basically you pay off the balance at a higher rate than you were paying.


Car broken and needs repairs and it is financed?

car is broken and needs major repairs but is still financed how do pay for the repairs


Average amount financed for new car?

What is the average amount financed in an auto loan


What percentage of new car purchases are financed?

73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html


Do you need insurance on a financed car in NJ?

You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.


How do you sell a personal financed car?

repossession


A financed car that's not drivable?

That's a statement, not a question. What are you asking about the car?


If your car is financed through a dealer do you have to have full coverage insurance?

I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.


What is a financed car?

A "financed" car is one that is purchased with money that is loaned to you. You then make monthly payments at a certain rate and percentage for a certain number of years and months. The car is owned outright by the one who lent the money.