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Will a dealership pay off a personal loan if you want to buy a new car?


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Wiki User
2004-02-27 05:14:14
2004-02-27 05:14:14

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

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

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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.

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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.

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personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in


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