Balance from previous vechicle

Asked by 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

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

82,915

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.

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