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If your trade-in value is less than the balance of your current car loan, you are upside-down by that amount; if you were to trade in that car on the new car, you would still have to give the dealership the additional money just to come out even on the trade. Check out your car 's private party amount..If you 're still making loan payments on a car you 're planning to trade in, be aware that the loan won 't just disappear. The remaining balance has to be paid off. That may not be an issue if the amount you owe is less than the trade-in value of the car, but it can become a problem if you owe more than the car is worth..
If your trade-in value is less than the balance of your current car loan, you are upside-down by that amount; if you were to trade in that car on the new car, you .Before you go into any dealership, it 's a good idea to know where you stand on your trade-in vehicle. There 's no more awkward a moment for the consumer or . Let 's say you have $15,000 worth of car payments to make on a car that If, at that moment, you decide to trade in this car and buy a new one, .Many people get thrown for a loop when it comes time to trade in a vehicle with an outstanding loan payoff on it. Car dealers are very familiar with how to take .
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