Can You Trade In A Car You Still Owe On?
The straight answer to this question is in the affirmative, but the thing is that you have to pay off the financed amount. This is very important that when you trade in a car, then make such a deal that could make up the loan balance at any cost. But there are a lot of factors that can make a good deal for you. The factors include but are not limited to the factors like the condition of the car and the model of the car, mechanical condition of your car etc., and the other thing is to select a good and reliable forum to trade in your car. It may be some online forum or another one. Trade-In Car You Still Owe On. There are two situations when you trade a car you still owe on. These two situations are given below: The first situation is called a favorable equity situation. In this situation, the worth of your car is more than what you owe on the loan of your car. Congratulation! This is a good situation. In this situation, you can save money on your car's trade and even apply for a n...