My car is currently financed under my mothers name and I would like to trade it in!! I currently drive a 05 Dodge Neon and I have about 18000 miles. I am paying $414/mth and would like to trade it in for a older car (02-04) that is a better car for about the same amount. I figure that if I am to pay so much for a car then it should be worth the money. Is this possible and what do I need to do?
2006-11-17 03:26:47 · 2 answers · asked by sweetchic117 2 in Cars & Transportation ➔ Buying & Selling
Yes, you can trade it in. But your mom has to go with you to sign off on it.
But Neons have horrible resale value so you'll end up owing more than its worth. So expect $2-4k to be added to your new loan.
2006-11-17 03:32:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
yes you can trade in your car. Your mom will have to agree to let you because the car is in her name. Assuming you can qualify for a loan on your own, you may want to consider a new car because of rebates and special interest programs. Good luck.
2006-11-17 12:03:16 · answer #2 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋