answersLogoWhite

0


Best Answer

This is certainly something that can be negotiated with a dealer. It will depend on how much equity you have in the deal, how much money you may be borrowing on your new vehicle, etc. But if you make a it a condition of the deal, yes, it can be done under the right circumstances. You can learn more at dealertricks.com

User Avatar

Wiki User

โˆ™ 2004-02-27 05:14:14
This answer is:
User Avatar
Study guides

Loans

26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards
5.0
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
1 Review

Add your answer:

Earn +20 pts
Q: Will a dealership pay off a personal loan if you want to buy a new car?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you obtain a new auto loan?

You can apply for a new auto loan through your personal bank or the dealership that you buy your car through.


How do you get a loan to buy a auto dealership?

No. Not if you have the cash.


Who needs a loan?

People who can't save or don't want to save often get a loan to buy something. people who want to buy expensive items like a house usually get a loan.


Can an unsecured loan be used to buy a personal computer?

Many banks offer unsecured personal loans for people with great credit. If you need a fast personal loan check with bank of america or chase.


Can a car dealership take a trade in where a loan is not paid off yet?

yes, they buy out the loan, and if the vehicle is not worth what is owed the balance can be added to the amount being finaced on the new one


how does a buy here pay here car dealership work?

Basically, instead of going through the process of getting a loan from a bank, the dealership holds the lien and lets you pay them directly against what you owe.


Is a car dealership a secured creditor?

No, unless that dealership is of the buy and driver variety. Dealerships are that, a dealer in vehicles. Dealerships do not typically provide financing; this is typically the venue of the finance company. In the event the dealership is a buy and drive, then yes, they are a secured creditor. That is, of course, they are lax enough to not actually secure the vehicle they sold in the loan contract.


What are the advantages of buying a used car at an auction versus buying at a dealership?

The answer all depends on what you want. If you want security and peace of mind, then by all means buy from a dealership. If you want a great deal and aren't afraid of doing a bit of work mechanically, then you should buy at auction.


Where can I get a quick auto loan?

First start with a local car dealership. If that doesn't work then try your local bank, especially if you've had a long relationship with them. You can also try a buy here pay here dealership.


Can servicemen get government loans to help buy their first home?

I'm not an expert but I know that the government help servicemen get a loan or give them a loan if they want to buy a house. It is called a military loan.


Where can I find a used Jeep?

You can buy a jeep from a used car dealership. There are even dealers that only sell Jeeps. Craigslist is a great place to check if you want to buy from a private owner instead of a dealership.


What are Auto Loans?

Any loan means you've asked for money-on-credit from a lender. An auto loan money-on-credit from a lender, usually a bank, credit bureau, or dealership, given specifically to buy a car, and typically to buy a certain car that you've already picked out before the loan was approved.

People also asked