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Trading In A Financed Car🏎🏦 #cartrade #trade #car #cars #financing #car #dealership Yes you can trade in while owing a balance. If the dealer offers an amount equal to or greater than what you owe then they'll pay off your loan Trading in a car with a loan is possible, but it can be costly depending on how much you owe. If your car is worth more than you owe on it, you
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In most cases, the loan balance should be covered by the trade-in value of the vehicle, but that will depend on a variety of factors, including condition and If you're trading in a financed car, the dealer will work with you and your lender to apply the value of the trade-in to a new loan if there's a remaining
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If you borrowed money to buy a car, it's possible you owe more on your car loan than the car is worth. When that happens, you have “negative equity” in the car. When trading in a car with negative equity, you'll have to pay the difference between the loan balance and the trade-in value. You can pay it Are you on track with the Baby Steps? Get a Free Personalized Plan. Next Steps: • Start eliminating debt for
Vehicle Trade-in explained