If I owe on my car loan still, can I trade it in for something cheaper?

Answers:1   |   LastUpdateAt:2012-09-21 00:43:02  

Question
abc
Asked at 2012-09-01 00:21:03
So I owe about $ 14,200 on my car loan . Is it possible to exchange it for a car that is $ 13,795 or I will be upside down with negative equity ?
Answer1ishikaAnswered at 2012-09-21 00:43:02
Everything is possible , everything is negotiable . MedlinePlus MedlinePlus Find a car dealer who is desperate enough , they will offer to take the car and take over the payments , then use that as a down payment for a new car , and you might even succeed. MedlinePlus MedlinePlus I suggest finding a type of car you want to be in your price range and start shopping . Do it now , the longer you wait , the less your existing car will be worth less they will be willing to offer .
Related Questions
1
  • Answer This Question:If I owe on my car loan still, can I trade it in for something cheaper?