Balance from previous vechicle

Asked by Brittney Aug 07, 2017 at 12:43 PM

Question type: Shopping & Pricing

My car was recently deemed a total loss.  After
what insurance valued the car at, I will be carrying a
Blanche from my precious car loan of about $2,000.
How does this work if I were to buy out a vechicle
or when I go to finance or lease another vehicle?

2 Answers

Chad answered 6 years ago

You will have to pay off balance first at bank. You still owe on the car thus you still have to pay for it or it goes against you and your credit

Mark helpful

F_O_R answered 6 years ago

You can try to roll over the owed amount into a new loan but this will make your car payments higher. Better to scrape up the money to pay it off.

Mark helpful

Your Answer:

Related Questions

  • Balance from previous vechicle 2 Answers

    My car was recently deemed a total loss. After what insurance valued the car at, I will be carrying a Blanche from my precious car loan of about $2,000. How does this work if I were to buy out a v...

    Shopping & Pricing

  • Dealer's Balance on a Used Car 2 Answers

    I saw some paperwork at a dealer that the "balance" on a used car I'm looking at is $22,100. They are trying to sell the car for $24,750. If sold at that price, I'm guessing the dealer looks at th...

    2010 GMC Terrain SLT2 AWD

    -

    Shopping & Pricing

  • Previous accident history cars available. 2 Answers

    Do I have jaguar / Porsche / bmw / Mercedes with previous accident history

    Shopping & Pricing

  • Radius/Distance from 3 Answers

    I really like your myriad search abilities on your website, for the most part, far beyond any other site in terms of narrowing the search fields - brilliant, particularly how you can dial in an actual...

    2011 Honda Odyssey EX-L FWD

    -

    Shopping & Pricing

  • NO RESPONSE FROM SELLER 1 Answer

    The seller hasn't responded to my messages. I am interested in buying the car but there has been no response from this private seller (no email or tel. # provided by cargurus) can you contact that ...

    2009 INFINITI G37

    -

    Shopping & Pricing

Shortcuts

Search Shopping & Pricing Questions

CarGurus Experts

  • #1
    Bob Beaman
    Reputation
    10,600
  • #2
    james sparrow
    Reputation
    7,590
  • #3
    Ed92626
    Reputation
    7,520
View All

Find great deals from top-rated dealers

Search

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.