Quote:
Originally Posted by jar_e
I have a question about trading in a vehicle...I purchased a vehicle with a loan through my bank over a year ago and am now looking to downsize to a car though i still do have an amount left to pay on the loan. Is this still possible? Will this affect my trade-in value? Is there anyways to pass the lien (I think that's the word I'm looking for) from the old to the new?
Thanks a lot.
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You can generally bury some of your defecit in the new deal.. Just know going in that you are burying yourself and if you go to trade it again you will be in the same upside down situation..