I owe $20,000 on my car can i trade it in reddit

trade in car still owe payments

trade in car still owe money

can i trade in a car i still owe payments on

can i trade in my car if i still owe payments

Dealerships that will pay off your trade no matter what you owe

Can i trade in a financed car for a cheaper car

Pros and cons of trading in a financed car

I owe $20,000 on my car can i trade it in

How does trading in a vehicle work if you still owe on it

Pros and cons of trading in a financed car.

Should I trade in my car if it’s not paid off?

Trading in a car generally helps you reduce how much you’ll need to borrow when buying another vehicle, but if you have a balance on your current auto loan, you may be encouraged to roll your existing balance into a new loan, which will increase your total loan costs and the interest you’ll pay over the life of your loan.

To make the best decision for you, find out the following information first:

Find out the “payoff amount” on your existing auto loan. This is the amount remaining on your existing loan, and it might be different from the outstanding balance listed on your statement or coupon book because of the way interest is calculated, any outstanding late fees or charges, or for another reason.
Research the potential trade-in or actual cash value of your current vehicle. You can find estimated trade-in values through Consumer Reports, Edmunds, Kelley Blue Book, and NADA Guides.

You can also look at online classified ads for similar vehicles in your area. Like shopping for an auto loan, you can get trade-in estimates fr