If you trade a vehicle that the balance of the note is 15,000 and you get a cheaper car, does the bank get the?

Answers:1   |   LastUpdateAt:2012-10-05 16:17:03  

Question
-Minx-
Asked at 2012-09-01 06:04:03
vehicle is the bank to get the rest of the money to the loan sale ?
Answer1NatishaAnswered at 2012-10-05 16:15:18
The bank gets the rest of the loan amount and any negative equity added to your new loan for your new car . MedlinePlus Not a good idea in the first place , and because of the economy , many banks will not roll negative equity into a new loan . MedlinePlus MedlinePlus If you choose not to listen to my advice not to do this , make sure you have GAP coverage .
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