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How do you trade in your car when you are still paying the loan for the car?In: Car Selling |
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[Edit] 
Answer
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.
First answer by Aimeentrevor. Last edit by Aimeentrevor. Contributor trust: 160 [recommend contributor]. Question popularity: 7 [recommend question]
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