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Absolutely. The only issue will be how much equity you have in the car. In other words, if the car is worth $5,000 and you owe $4,000, you have $1,000 in equity. If the car is worth $5,000 and you owe $6,000, you have $1,000 in negative equity. Be sure to verify your pay-off amount before you begin to shop for a new car.
What else can I help you with?
Can you privately sell a car that you are currently financing?
Yes, you can privately sell a car that you are currently financing, but you will need to pay off the remaining balance of the loan before transferring ownership to the new buyer.
What are the benefits of buying a car on PCP financing compared to traditional financing options?
PCP financing offers lower monthly payments and the flexibility to return the car at the end of the term or trade it in for a new model. Traditional financing typically involves higher monthly payments and you own the car outright at the end of the term.
If you trade in a car that you owe money on will you have to pay the previous car loan plus your new loan?
Yes. It is referred to as "upside down" financing.
How do you trade upside down car?
I recommend you not do this! This cost a lot in extra interest on your financing!In North America this is possible as long as only the financing is upside down. If the car is or has been upside down it is very difficult.The problem is you take on the finance rate.Go to a dealer, tell the truth about what you owe. They will organize up financing that pays off your old car and buys a new car.
If you signed a contract to purchase a used car from a dealership and they have not told you who is financing the car after a week and didn't pay off the balance of your trade can you return the car?
If they do not know who the financing is then you havnt signed a finance agreement so in that case you should be able to return the car and get your trade back. sounds like to me they are shooping your loan to different lenders. Just make sure you didnt sign a finance agreement.
What are the different ways of financing foreign trade?
The different ways of financing the foreign trade include cash in advance, the commercial letter of credit and working capital financing.
Where would one find the best van financing available?
There are many car companies currently offering low financing on vans. One can inquire with a local dealership for their financing options. As well one can finance vehicles through many other financial institutions.
What is car financing?
car financing is basically when u get 10lac car at 2 lacs thry financial institutions
Where can a person get tips on financing a car loan?
Car loan financing tips can be found form most dealers and banks. Generally car financing like any other financing depends largely on credit score and amount of down payment, if any.
Where can one apply for financing car loans?
There are many places where one can apply for financing car loans. One can apply for financing car loans at popular on the web sources such as Capital One and Bank Rate.
How can I effectively sell a car that I am currently financing?
To effectively sell a car that you are currently financing, you should first check with your lender to understand the payoff amount. Then, find a buyer who is willing to pay at least the payoff amount. Once you have a buyer, work with your lender to transfer the title and pay off the remaining balance. Make sure to provide all necessary documentation to the buyer and complete the sale legally and transparently.
Does Chrysler offer financing on car purchases?
Chrysler does offer financing for new car purchases online. You can get more information on the financing available online at the official Chrysler website.
