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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.

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โˆ™ 2015-07-15 19:49:13
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Q: 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?
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