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
157,555

James answered about a month 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

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