Shopping for a used car and trading in a vehicle when shopping for a loan how do they factor in the old loan?

Monday, September 20th, 2010 at 12:14

Question by Renaisannce Man: Shopping for a used car and trading in a vehicle when shopping for a loan how do they factor in the old loan?
I just would like to know how to shop for a used car loan while owing money 2k-3k more than what its worth on the prospective trade in vehicle. cheap pills online without prescription I understand that this will be rolled into the new car loan but the vehicle is going to be traded in regardless. Any input would be greatly appreciated.

Best answer:

Answer by Paul
The dealer is going to totally ream you on this deal, as they are not going to offer you even close to what your car is worth on the market.

This is not a Good idea. If you can keep your car running a few more years, you should do it.

ONLY if you plan to keep the newer car for 15 years or so will you come out even or close to it. Depends on the interest rate.

What do you think? Answer below!

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