Finance

Check your payoff amount, and compare it to the current value of your vehicle. Say you owe $10k on your current car, and the trade in value is $9k. If the dealership offers you trade in value for your old car, you can either use cash to make up the difference, or it can be applied to the new vehicle loan.That usually works better if your credit is good and you're buying a new vehicle that's already been discounted or has rebates applied.

Take it to the dealer and trade it in- they will pay it off, they do this all the time- they will just add it to the price of the car you are buying- but- you will pay, oh yes, you will pay-