How do they get paid, by % rate?.

Asked by Mar 21, 2018 at 11:46 PM about the 2014 Buick LaCrosse

Question type: Car Selling & Trading In

I have a 2015 Nissan Altima that I would like to trade in that's behind on one
payment.How do I buy a car with this situation? Only from Nissan? Thanks in
advance.  Linda Williams

2 Answers

127,245

Check what you owe and what the car is worth on trade in. Chances are you owe more than it is worth.

2,810

Hopefully you are not thinking about trading UP....car dealers will do that, but what they do is take what you owe on the Altima and add it to the loan on the new car......so you have a new car but you are still paying on the OLD one. I suggest you get caught up on the Altima payments....and if you find you cannot afford those payments (how could you afford payments on a new one) work on a plan to sell the Altima and buy a cheaper car you can afford.

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