Trading in a car that's not paid off yet?

Answers:2   |   LastUpdateAt:2012-10-22 19:43:02  

Asked at 2012-09-24 22:29:02
I have a focus 08 that I've only had for 5 months, bought used . the issue is that I 'm making payments on the loan for the car , but I want to change it to something cheaper in the used car dealer himself . Is this possible ? Will I lose money ?
Answer1ktjoAnswered at 2012-09-25 01:04:03
You pay sales tax and other costs .. "again" ... over $ 1000.depending where you live .
Answer2XarizAnswered at 2012-10-22 19:42:05
If you could sell the car on the outside (not trade ) would be better .... in order to make the loan has to be paid . MedlinePlus MedlinePlus This is where you will lose out : MedlinePlus There is no way you are going to get a good "trade -in " value. If you think you're ... then you are being ripped off in the "new " used car price . MedlinePlus MedlinePlus Where do you expect to save money ? That is the real problem. On the face of it .... you are walking in an ideal situation for the dealer ... not you. I think it's ... You will definitely lose money . More than likely more than the savings it provides .
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