Am I able to negotiate trading a vehicle that I'm still making payments on? Very interested in doing so.


Asked by Jul 29, 2015 at 07:43 PM about the 2003 Dodge Caravan

Question type: Shopping & Pricing

Still owe payments on a vehicle but want to trade in.

4 Answers

Kelly Mayo

sure ! how do you think most people do it?

2 out of 2 people think this is helpful.

You can but the amount you owe on your trade in will be rolled into the new loan. So in effect you'll be paying for two vehicles. One of which you on longer have. HTH. -Jim

Kelly Mayo

yes and no... depends on how much you owe>>>


My recommendations: 1) Find the new vehicle you want and negotiate the best price for it. If the seller asks if you're trading in, just tell him you'll be bringing money to the table. 2) Wait until the end of the month to finalize your offering price. (Salesmen do need to make quotas every month). 3) Make sure you have a written copy of the seller's best offer 4) Now, tell him that part of the money you're bringing is what you can get for your current vehicle OVER the amount you owe. 5) Be prepared to walk away!

1 out of 1 people think this is helpful.

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