what if i still owe on my car?

Asked by coramoore May 21, 2020 at 10:38 PM about the 2017 Volkswagen Jetta 1.4T S FWD

Question type: Car Selling & Trading In

what if i still owe 16,000 on my car before trading or selling?

4 Answers

315,245

You owe the money and you can't get out of it! Compare the trade in value to what you owe.

the trade in value is 10,000 so what does that mean for the remaining 6,000? On this website it says they would handle what is owed..

315,245

Cough up another 6 grand and you can get out from under your car. This is not a free money site. You signed papers and you owe the money!

125,415

When you trade in a car under your financial condition, the dealer will detail the financial arrangements. You can then choose to either put up an additional six grand and have the new car financed straight out, or you can choose to blend the extra six grand into the new car loan, if you qualify for that loan amount, that is. Your choice.

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