|
buying a new car if you still have a loan on another car?
| Posted By |
Message |
mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
|
buying a new car if you still have a loan on another car?
I got my current car, a Jeep Compass, in 2014 and have another 2-3 years of payments left on the car. However, now that I have the baby, I am realizing that I would be better off with the Cherokee or Grand Cherokee. I would be willing to buy a used one off the lot, but wasn't sure how it works if I still have a loan on my current car. Would they allow me to trade mine in, move the loan over to a new car, and I'll just pay the difference?
|
Posted 10/29/16 6:50 AM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
mathteach
Roll Tide!
Member since 8/08 3169 total posts
Name:
Christine
|
buying a new car if you still have a loan on another car?
Yes, they'll roll the negative equity into the new payment
|
| Posted 10/29/16 8:59 AM |
| |
|
ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
|
buying a new car if you still have a loan on another car?
We owed 16k on a car we traded in and the dealership gave us 13k so we put down the difference so we are paying what we would have paid if we didn't have a trade in and had put $0 down.
|
| Posted 10/29/16 10:53 AM |
| |
|
muffaboo
LIF Adult
Member since 12/10 3797 total posts
Name:
|
Re: buying a new car if you still have a loan on another car?
Yes, you can still trade in.
|
| Posted 10/29/16 5:58 PM |
| |
|
Potentially Related Topics:
Currently 225311 users on the LIFamilies.com Chat
|
