Can I trade my car I'm financing for a vehicle equal to the balanced owed

Asked by GuruDXTSDP Oct 06, 2024 at 07:19 PM about the 2017 Hyundai Santa Fe SE FWD

Question type: Car Selling & Trading In

Can I trade my car I'm financing for a vehicle equal to
the balanced owed

3 Answers
157,825

James answered 2 months ago

That's not how it works. Whatever you owe on your trade in gets added to the loan for the vehicle you're buying. Doesn't matter if the trade in is worth the same amount or more than what you owe. In the end you wind up paying for two vehicles. One of which you no longer have. Jim

Mark helpful

Your Answer:

Related Questions

Santa Fe

Looking for a Used Santa Fe in your area?

CarGurus has 1,667 nationwide Santa Fe listings starting at $3,950.

Postal Code:

Shortcuts

Search Hyundai Santa Fe Questions

CarGurus Experts

  • #1
    me29
    Reputation
    6,550
  • #2
    JP1956
    Reputation
    2,870
  • #3
    SubaruTech5862
    Reputation
    2,030
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Hyundai Tucson
84 Great Deals out of 2,401 listings starting at $4,895
Used Kia Sorento
80 Great Deals out of 2,477 listings starting at $4,495
Used Honda CR-V
91 Great Deals out of 4,414 listings starting at $1,695
Used Toyota RAV4
103 Great Deals out of 2,554 listings starting at $3,495
Used Hyundai Santa Fe Sport
36 Great Deals out of 811 listings starting at $4,995
Used Toyota Highlander
30 Great Deals out of 760 listings starting at $6,500
Used Honda Pilot
40 Great Deals out of 1,268 listings starting at $2,995
Used Hyundai Sonata
36 Great Deals out of 1,057 listings starting at $2,495
Used Kia Sportage
56 Great Deals out of 1,920 listings starting at $5,000
Used Hyundai Santa Fe XL
15 Great Deals out of 224 listings starting at $7,490
Used Nissan Rogue
150 Great Deals out of 5,424 listings starting at $2,200
Used Mazda CX-5
66 Great Deals out of 2,746 listings starting at $5,495

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.