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Can you trade in a car that's still under financing for a used car without having to get a new loan?
20th March 2011
My car is worth about ,300 according to KBB. I want to trade it in for a used car because the payments & insurance are just too much for me these days. Can I trade in the car and walk away with a used car of lesser value without having to get into a new loan?
Is it possible to trade in my car at a used car dealership if my car is not paid off?
31st December 2010
I do not have the title of my car in my possession, the bank does because my car is not all the way paid off. However I am interested in trading my car in for a different car (the car is used). The dealer says they accept trade-ins on used vehicles, but Im not sure how the sale process would go since my name is on the loan but I dont have the title, the bank does. Will they still honor the trade-in?
Do used car dealers allow you to trade in your car for an even swap?
26th August 2010
I have a mini-van that I own outright, and want to trade it in for a sedan but I do not want to take on a car payment. Do used car dealers allow you to do that? Obviously I do not want to get a new car, but something that is of equal or lesser value of my van.
My car was repossessed because I got behind on payments. I was on unemployment for a month or two before I got a seemingly good job. I decided to trade my car in with the cash for clunkers program to try and take advantage of it while I could. However, it turns out that the job was a scam and I went back to being unemployed. I tried to keep up with my payments, but I couldn’t so it was repossessed. The dealer I bought it from has a policy that if you’re unemployed, you can bring back the car and not owe anything. Is this true if it’s repossessed too? Or would it be easier to try to get it back?