You can trade your car in, however the loan balance must still be satisfied.
yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan
The balance you owe on the car that is getting traded in will be added to your new car loan. Example You owe 10,000 for the car you want to trade in They give you 6,000 for trade in your new car costs 20,000 you will either have to pay that 4,000 or they will add it onto your new car loan from your car you traded in.
No, it most cases you cannot roll the balance of an existing car loan into a new car loan.
Yes - if the car loan was with the dealer, the dealer can sue the debtor for the balance of the car loan after the car is sold to someone else.
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
Yes.
NO. Trade or Refinance
Basically, Car Loan Amortization is the balance of your auto loan. It is the process of following a plan or schedule of your loans for your automobile.
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
Your car loan balance may be increasing due to factors such as accruing interest, late fees, or additional charges. It is important to review your loan agreement and contact your lender to understand the specific reasons for the increase in your balance.
Yes you can, but you have to owe less on the car than the trade in given. In other words if you owe 2,000 on the car and they give you three that means the loan on car 1 gets paid off and you have a 1,000 towards the price of car 2. But if you owed 5,000 on car 1 and they gave you 3,000 you would still have a balance due on car loan 1.
Your car loan balance may have increased due to factors such as missed payments, accrued interest, fees, or changes in the loan terms. It's important to review your loan agreement and contact your lender for specific details.