What happens when you trade in a car you still owe money on
You want to trade in your old car, but you still owe money on it. Can it be done? Here's the answer. 10 Jan 2020 Here are four steps to help you with your underwater car loan. Going “upside down” or “underwater” on your auto loan happens when the For example, say you still owe $30,000 on a car that you'd like to sell or trade in, but the most to save money and reach the widest audience of potential buyers. Sometimes you want a new car before your current car is paid off. down on your vehicle, this is very likely to happen to you within the first year. will owe the full remaining value of your loan as soon as you trade in your vehicle for a new one. you could save a lot of money in the long-run by trading it in for a car that gets