Trading A Car When You Still Owe

Trading A Car When You Still Owe – There are many reasons why you may decide to sell your car before it’s paid off: your loan payments are too high, the car isn’t worth a test drive, or it just doesn’t meet your needs. It

Selling a car is possible even if you owe money on the loan. This adds another step to the sales transaction: closing the loan with the lender.

Trading A Car When You Still Owe

Your best bet depends on how you plan to sell the car and whether you have positive or negative equity in the car. While negative equity (the amount owed on a car is more than it’s worth) can be difficult, the recent increase in used car prices may help some sellers avoid this scenario.

Trading In Your Vehicle

If you’re wondering where to sell your car and start paying, here’s what to do:

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How To Trade In A Car That Is Not Paid Off

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