What happens to an existing car loan if I were to buy another car?

Thursday, February 3rd, 2011 at 21:38

Question by brian gorham: What happens to an existing car loan if I were to buy another car?
What happens to an existing car loan if I were to buy another car?
I bought a car in 2003 and owe about $ 8000 on it but am thinking of buying a new one. What will happen to my existing loan if I were to buy a new car? I would still owe that right? Would they just add that amount to a new loan amount? I'm confused about how this works. Please help!

Best answer:

Answer Generic pills whithout prescription by Mr Environmental Engineer
If you buy private party then its difficult, but if you find a car at a dealership you like, the dealership takes care of it all!

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