If you plan to trade in a car you still owe money on, first contact your auto loan lender and ask for your payoff amount (which could be slightly higher than ...
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It depends on the trade-in value of your current car. if the trade-in value is higher than $40K (Eg. $50k) and the used car is cheaper (Eg. $30k), ...
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31 May 2022 · If you are upside-down on your car loan, the best alternative is clear: Don't trade in your car. Keep making payments — including additional ...
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25 May 2021 · One of the most common questions sellers have asked is, “how to sell a car that's still under loan”. The answer to this is simple, ...
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14 Jun 2022 · Pay the difference between the trade-in value and your remaining balance. If you have the cash on hand, you can pay the difference between what ...
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Before you sell your car, you must first pay the outstanding loan amount that is due to the bank. The normal procedure that sellers follow is to authorise ...
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If the trade-in offer exceeds the remaining value of your car loan, then the money that's left over after paying off the loan balance can be applied toward the ...
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12 May 2022 · Pay off the remaining loan · Sell your vehicle to a used-car dealer · Sell the vehicle in a private-party transaction · Trade the vehicle in at a ...
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15 Mar 2021 · Selling via trade-in is the most convenient and easiest way to sell your car, as the dealership will handle all the loan, paperwork and ...
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In most instances, yes, you can trade in a car with a loan. Trading in your car doesn't make your loan disappear, though. You typically still have to pay off ...
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24 Jan 2022 · How to Trade In a Financed Car · Be prepared to negotiate. As previously mentioned, there's no set value for every make and model. · Prepare your ...
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If you're financing your new car, then you can use your equity in the old one toward your down payment. That can be a way to lower the total cost of your new ...
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1 Jul 2022 · When you sell a car with a loan on it, you will have to use the proceeds to pay off your loan and transfer the title. If you buy through a ...
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31 Mar 2020 · Your car loan doesn't disappear if you trade in your car. However, the trade-in value of your car becomes credit towards your loan. This credit ...
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6 May 2019 · First, ask your bank or financing company how much you need to get rid of the loan and sell your car. Ask if there's anything else you need ...
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