2006-08-31 09:30:02 · 3 answers · asked by eazalee 2 in Business & Finance ➔ Other - Business & Finance
Not hardly, if you were leasing and went over your miles you have got to pay. They'll put you in a new car but those miles will roll over and when you want to do another trad in is when you'll have to pay!
2006-08-31 09:35:42 · answer #1 · answered by MrsE 3 · 0⤊ 0⤋
Think of buying and selling as two separate transactions and you won't get caught up in the spin.
Some dealers offer to pay off you car, with caveats. But your car may be worth more than the principle left on the loan.
Do this. If you are going to trade in your car to a dealer, secure a price on your car before you talk about buying the new one. Only after you've agreed on that should you talk about the price of the new car.
Also, go into the deal knowing what your car is worth. I use Kelley Blue Book (www.kbb.com). This site will also tell you what to expect if you sell your car privately. You'll usually get more.
Good Luck.
2006-08-31 16:37:48 · answer #2 · answered by ? 5 · 0⤊ 0⤋
Yes, and they will add the amount to your new loan.
2006-08-31 16:33:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋