2006-08-21 05:45:27 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
They will but will tack on to the price of new car. Lets say you buy a car for 20000 and you own 8000 on old car. They give you 6000 for old car you get the extra 2000 added to new car you pay 22000
2006-08-21 05:53:14 · answer #1 · answered by Harry W 4 · 1⤊ 0⤋
Yes they will pay off any remaining loan amount...
our situation on a 2003 accord v6 sedan: we owe 8,000 left on it..its worth 15,000 trade in..they would offer us the 15,000 and use the remaining to use as a downpayment on the new car.
Or you could end up being "upside down" you owe more then the cars worth at trade in..say you owe 8,000 and trade in is 4,000..they'd pay off your remaining balance and tack on 4,000 to the new loan amount.
If your in the upside down suituation id tell you to try and sell private party for your loan payoff
2006-08-21 13:32:39 · answer #2 · answered by mommy2savannah51405 6 · 2⤊ 0⤋
NO you will it will be added to the cost of the new car you buy
2006-08-21 18:15:43 · answer #3 · answered by ssshoebox67 3 · 0⤊ 0⤋
No, but they might pay off a lien. Ask. Of course, it will cost you if they do.
2006-08-21 12:58:43 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋
Well, they'll do the paper work for you, if that's what you mean.
2006-08-21 13:57:58 · answer #5 · answered by Papa John 6 · 0⤊ 0⤋