Yes, you just add the payoff amount of the car you are trading to the price of the car you are buying.
If you trade-in a car that Not paid off, you will be trouble with the law.
No
no you have still have to pay for your car that's what i had to do x
Trading in a car typically does not directly impact your credit score. However, if you have an outstanding loan on the car you are trading in, it could affect your credit if the loan is not fully paid off or if there are any issues with the trade-in process.
you paid the dealer to take your car intrade and then the dealer got book for your trade
When you finance a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.
When financing a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.
No. Just have to meet your state's minimum requirements
If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.
Yes, if you want to ruin your credit and still be responsible for the difference in what the car sells for and the balance on the note.
Depending on your state, the LENDER can get a JUDGEMENT and attach your "paid for" car(or anything else of value in your name) so when you sell it, they will get paid first.
Only if you can afford payments for a new car and your used car is in very bad shape.