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You need to make arrangements to pay it off.

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Q: What happens to a existing car loan when trading your car?
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Related questions

Can you roll the balance of a carloan into a new car loan?

No, it most cases you cannot roll the balance of an existing car loan into a new car loan.


Does trading in a car affect your credit?

Trading in a car does not affect your credit unless you sign a new car loan and get a new car. This may negatively or positively effect your credit.


What happens if your car loan is illegal?

then they take your car and repo it.


What happens if don't pay the car loan?

If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.


What happens to your car loan if you die?

The estate has to resolve the loan, either through selling the car or returning it to the lender.


What happens to balance on car title loan when car is stolen?

Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.


What happens if you Car title loan in default and car is totaled?

Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.


What happens if you don't pay off your car title loan?

they take your car


Can you co sign if you have a car loan out?

If you have enough available credit any existing don't matter.


What happens if you stop paying your car loan?

Repo.......homo


Can you transfer a car loan to your name if you put all the money down on it?

No. The easiest thing to do would be to buy the car from the existing owner and get a new loan. Find out what car dealers don't want you to know at www.dealertricks.com


What happens if you are in default on a car title loan?

The creditor reposseses the car, and you take the bus.