I'm paying on a car that I can't drive. What can I do about carrying over the amount I owe on it to a new car loan?
2007-01-22 05:46:01 · 6 answers · asked by cuckthefubs13 1 in Cars & Transportation ➔ Buying & Selling
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2016-09-26 10:39:44 · answer #1 · answered by ? 3 · 0⤊ 0⤋
most dealers will let you move the remaining amount when you do a trade in. possibly you can find a dealership that will give you a few bucks for the damaged car and you sign the title over to them and put the remaing amount on to the next vechicle loan. may depend on the amount still owing on the damaged vechicle
2007-01-22 05:55:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes you can carry SOME of the moneys on to a new car loan depending on your bank and the amount they will lend you on the new vehicle you are buying. If you lease a vehicle, most leasing banks will allow you atleast 110% of the value of the new vehicle your buying. so let say your buying a 30k vehicle and you've got the dealer to sell it to you for 28k, you can lease for 33k, so you are rolling up 5k on your old loan.
2007-01-22 12:38:13 · answer #3 · answered by Vindicatedfather 4 · 0⤊ 0⤋
How much $$$ are we talking about? What do you owe, and what's the book value of the car in it's current condition? If you're withing a couple of grand, the dealer may take it in trade. If you have a $15k note and a wreak worth $1k, you're SOL on that one.
2007-01-22 07:14:03 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Sounds like a tough situation. Go to a dealer though and see if they can help make it work.
http://www.refinancingyourvehicle.com/
2007-01-22 06:58:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
dig a deeper hole.. the dealer will help. what happened. no insurance?
2007-01-22 05:50:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋