i purchased my new car about two wks ago and the dealership has yet to pay off my loan for the car i traded into them, i owed 3600 and they gave me 4500, the left over was used towards a down on my new car...
2006-10-10 17:45:44 · 3 answers · asked by Mike H 1 in Cars & Transportation ➔ Buying & Selling
Call them, they should have paid it off by now. Unless they wait until the end of the month, I knew one dealership that did this. I would just call them. Is the finance company calling you? I let the dealership know if they are calling about your payment.
2006-10-10 17:57:33 · answer #1 · answered by Dawn C 3 · 0⤊ 0⤋
should only be 7-10 days
contact the finance co to let them know u traded it
a dealer in Lynn Mass wasn't paying off his trade-ins he got shut down
2006-10-10 17:54:22 · answer #2 · answered by sneaky41 3 · 0⤊ 0⤋
what is going to take place is they are going to provide you effortless "broker commerce-in fee" for the automobile, and positioned all that in the direction of your cutting-edge loan. Then once you get yet another motor vehicle, they are going to save on with despite final stability you have in the direction of your new loan. So in the event that they provide you $12K for it, then in case you get a smaller automobile you would be paying the quantity of your new loan plus $3000. that's going to paintings any opposite direction too...if the "broker commerce in fee" of the jeep is extra desirable than what you would be spending on the different motor vehicle, they are going to save on with the excess on your new loan as a down fee. So, if the commerce-in fee is $12K for the jeep and you prefer to commerce it for a $10K automobile, your new loan will certainly be $2k below what it could have been in case you may offered the automobile immediately, and the extra $2k would be utilized as a down fee. So, your in basic terms way, extremely, to get a smaller fee is to commerce the jeep in for some thing whose fee could be below the broker commerce in fee of the motor vehicle. You do have yet another selection...to objective to sell the motor vehicle your self. this could take longer, yet you will in all probability get $a million-2K extra for it than in case you traded it immediately on the broker. then you definately use the proceeds to immediately pay off as lots of your individual loan as you may, before drawing close the broker for yet another automobile (you will nonetheless be liable for any final stability on the old loan, although). stable success.
2016-10-16 01:40:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋