if someone has a new auto and existing loan, can they purchase a newer auto? can i still trade in&finance?

Question

have current loan -is it possible to still finance for the newer auto, using the current auto as a trade-in?

Answer 1

yes you can do it but your original new car lost 15-20% of its value when you drove it off the lot. you will most likely roll that 15 -20 % into the payments of your newer car alnong with the unpaid balance that exceeds the trade in value.

Answer 2

yes you can trade your other car in ..need to check the value of yuor car to make sure you get the best price..dont pay sticker price for the new car either ...www.bluebook.com