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
40,150

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.

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