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How to Trade in a Financed Car

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Comment from : @derrickburks4524

Great video explaining multiple scenarios Thanks for sharing!
Comment from : @shanelbcvinyl

I’m already in 25k NE and was roll over to my new car payment how is this going to hurt and how can I get rid of it ??
Comment from : @aziziddrisu7858

Negative equity because ford ecoboost has engine flaw and need to get rid of it because I will have to replace engine
Comment from : @ahmadabdelhadi8358

Still confused If I owe 19k on my current car and trade my car for a better one that is let's say 10000 and my car is worth 15000 does that mean I have 5000 to pay of myloan and I continue my normal loan?
Comment from : @Mr_Racooner

Would have loved to finish watching the video, but after 40 seconds it feels like your background music is blowing out my ear drums
Comment from : @degaben

How do I get the title if I still owe? Will that happen when I trade it in?
Comment from : @mckensismith6798

Does this apply to leasing also?
Comment from : @user-pn9oz1gs2f

If I owe 12956 dollarsand 94 cent and my book file is only 4294 dollars, and my equity is $866294 What would be the smartest thing to do? Traded in back at the deal I got it from
Comment from : @thomasThreatt-q4n

I have a car with a trade in value of 22,000 I still owe the bank 9,000 for it If I was to trade in this vehicle for a cheaper one lets say 15,000 Does the dealer pay for the loan plus gives me the money from the difference between the cars which would be 7,000?
Comment from : @PTxBeastx14

Mine is the gas price price Mdx 2011
Comment from : @ThinkEagle7

What if the dealership has you under a power train warranty and they didn’t know the vehicle had aftermarket parts that void out the repairs? Is there a way the dealership could work with making a trade?
Comment from : @laidbacklow8605

I wanna refinance my car the car is worth 21k and i still have 24k left as my apr is 30 im only paying interest Before i refinance the same car with my private bank can i trade it in for another car? I plan on paying off the 4k within the next 5 months
Comment from : @blackred1032

I want to trade in my car for a new car, it’s a 2018 Toyota Tacoma and I owe about 20k on it but got a offer from car max for 31k Do I need money down to get the new car or do I have to still put down money?
Comment from : @JesusSanchez-oq2po

Hello I have brand new Honda Accord 2022 with 3 k miles only ! unfortunately was involved in an accident ! Honda fixed the car paid by insurance By now I owe 30 k on this car in payments ! Should I keep paying this car at least for an year more, and trade in for a lower price car ,or pay the total right now to avoid more depreciation ? Ps : I have ways to pay off the amount owed !
Comment from : @Mocker-you

I owe a low amount on my car, and I’m in a financial situation to pay it off, but I’m looking to trade in ASAP Is there any financial benefit to paying it off directly vs taking it to the dealership still owing? I could pay it off online now but it looks like I might not receive the title for up to 6 weeks and I don’t want to wait if possible
Comment from : @lyndsipratthorsemanship

when they say things like "if your are in a strong financial situation " I feel like an imposter
Comment from : @c1h2r3i4s56987

I bought a car before inflation, i own 18k and the value still $24 thanks to the inflation, what can i do? Trade it and get a better APR because it will show paid off full or keep it?
Comment from : @henrykleber8611

So whatever your trade in value is, that’ll act as a down payment for your new car? And if you have negative equity it’ll roll into your new car you finance ?
Comment from : @tommyvercetti1264

hey I have alot of questions is there anyway i can contact you privately?
Comment from : @nebewla5382

If i sell my car thats i own 33,000 and the car i wanna trade is 54,000 but they only give me 31,000 for my car how much will be my negative, and how much will the car will come out to?
Comment from : @raulalmodovar4149

So if I have to pay the 2000 for the difference that just means I’m doing that to not owe a extra 2000 but I’ll still carry a 10000$ loan amount
Comment from : @eazymoney6158

What if you trade a negative equity vehicle for a lower priced vehicle?
Comment from : @bigfootninjajr1481

Can I trade my car with another dealership?
Comment from : @antoniocruz1520

I owe 16k and my trade in value is 24k according from Kelly blue book
Comment from : @krimstix

Yes, rolling over your negative equity into another car purchase, is usually bad BUT, what if you are trying to trade down into a lower cost car? I have about $8000 on my 2020 Charger R/T Daytona, and I'd like to buy a cheaper car I would be prepared to add the $8000 into that new cheaper car's loan if the dealer agrees to this The goal is: to get a lower cost loan and lower payments Credit score is meh, at around 645 with no late payments or negative public records Do you think this is a decent strategy to downgrade a car with negative equity, into a USED car (that has less depreciation impact)? Thanks!
Comment from : @danb8606

How soon is too soon?
Comment from : @stephanierodriguez3001

Wait how do I need a title if I’m financing my car it says in my contract I don’t get the title until the car is paid off what?!
Comment from : @joegarza6529