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  1. 14 cze 2023 · If you plan to trade in a car you still owe money on, the first step is contacting your auto loan lender and asking for your payoff amount, or how much you owe on your loan.

  2. 21 lut 2023 · When you trade in a financed vehicle, your car’s trade-in value gets applied as a credit towards your next loan. Depending on the remaining loan balance, this credit might cover the...

  3. 22 lut 2021 · When you owe more on your car than your vehicle is worth — or have negative equity — wait until you pay off more of the loan before trading in your car. Or if you’re able to sell your car yourself and get closer to the amount of your payoff, you might make out even better.

  4. 1 lip 2020 · You can trade in a vehicle even if you still owe money on its loan. In fact, it’s common for dealers to take care of consumers’ old financing. They’ll pay off the remaining loan balance on...

  5. 16 sty 2023 · You can trade in a financed car you still owe money on. However, there are considerations to keep in mind—one of which is whether you're entering the trade-in process with positive or negative equity.

  6. 26 paź 2022 · To trade in a financed car, follow these steps: 1. Check Your Car's Value and Your Loan Balance. Before trading in a car, it's important to know what your car is worth and how...

  7. 14 paź 2022 · If you owe money on your car loan, you can still use it as a trade-in. You'll still need to pay off the car loan, however. This can happen in a few different ways.

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