how does trading in my current vehicle work?

Asked by GuruP8923 Jan 24, 2020 at 01:21 PM

Question type: Car Selling & Trading In

I am wanting to either sell or trade in my vehicle for a vehicle on your website, however I am upside down so how would that work?

1 Answer
41,240

TDolby answered 4 years ago

The selling dealer will take your vehicle as trade, and roll the remaining amount you owe into the new loan if it is low enough. You will then have a loan for more than the current vehicle and have to purchase gap insurance.

1 people found this helpful.
Mark helpful

Your Answer:

Related Questions

  • how does trading in my current vehicle work? 1 Answer

    I am wanting to either sell or trade in my vehicle for a vehicle on your website, however I am upside down so how would that work?

    Car Selling & Trading In

  • How do I go about trading in my car? 1 Answer

    I would like to trade my car for a Dodge Magnum

    Dodge Magnum

    -

    Car Selling & Trading In

  • How does my bank work with AutoPay? 1 Answer

    What if my bank wants the title before they release my financing? How does my bank send $$ to AutoPay?

    2004 Buick LeSabre Limited Sedan FWD

    -

    Car Selling & Trading In

  • Trading in newly financed vehicle 3 Answers

    So i had a 2017 Kia Sorento I had to trade in due to some unforeseen circumstances. I got a 2017 Nissan Murano and I was overly excited about it but now here i am 3 weeks in and i dont like it. Is ...

    Car Selling & Trading In

  • how do i post my vehicle in canada 1 Answer

    how do i post my vehicle from a Canadian site

    2016 Mercedes-Benz GLC 300 4MATIC

    -

    Car Selling & Trading In

Shortcuts

Search Car Selling & Trading In Questions

CarGurus Experts

  • #1
    James Sparrow
    Reputation
    3,220
  • #2
    Bob Beaman
    Reputation
    2,860
  • #3
    TDolby
    Reputation
    2,820
View All

Find great deals from top-rated dealers

Search

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.