Must you pay off an auto loan before trading in your vehicle?
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I purchased an Acura RL back in October 2007. I have an auto loan with Navy FCU. When would I be eligible to trade in my vehicle for another vehicle of equal or lesser value?
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Emmy said:
You can trade in a car with a loan on, Just have the loan information available. They may pay off the loan, or wrap it into the new one, depending on what you owe and the value of the car.
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0February 8th, 2010 at 9:56 am -
ElliottNess said:
Depends on how much money you want to put down when you trade in. Any amount still owed on your loan will be rolled over to the new one. BUT, a lender will only approve so much, usually 120% over the cars’ value on a loan, so be mindful of that.
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0 0February 8th, 2010 at 9:56 am -
samantha said:
u can trade it anytime.u don’t have to pay off the loan.go to the bank and seek for advices.
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0 0February 8th, 2010 at 9:56 am -
Scott H said:
Just because you can doesn’t make it a smart thing to do. You probably owe more on your current vehicle than it’s worth, and rolling the negative equity into the new loan is heading down a slippery slope.
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0 0February 8th, 2010 at 9:56 am -
Jennifer said:
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my mortgage and auto loans up to 58%.It’s legitimate and free consult.I came across this company on NBC News Special Edition.Check it out here:
http://memurl.com/furetuLike or Dislike:
0 0February 8th, 2010 at 9:56 am -
Wendell Beiter said:
When asked about what he’d think of coming to the ufc, he talking about:
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0 0February 9th, 2010 at 1:06 am
