I have a car note right now, but i would like to turn in my vehicle for a different car. How would that affect my note?

Asked by Oct 14, 2014 at 08:01 PM about the 2006 Lincoln LS Sport

Question type: Shopping & Pricing

8 Answers

16,630

The place that you owe the note to has your title. You can't sell your car until you pay it off and get the title with a lien release on or with it.

I'm not trying to sell it I'm trying to go to a dealership and turn in the vehicle for another vehicle.

16,630

Oh ok. The same dealer you have the note with now?

Yeah but if i saw a car at another place could i go there or is it a possibility they could take over my loan or just add it to another one for a new vehicle?

16,630

Probably not but it wouldn't hurt to go ask the dealership and see if they can work with you.

Best Answer

Thanks

16,630

No problem, and good luck.

85

I deal with this every week. The second dealership can offer you trade in money for your car that you currently have. This money can go toward the money you owe on your current car. If you get enough to pay it off you borrow for the new and any left over is your down payment. If they don't pay it off what is left over gets added to your new loan amount. Is there something wrong with your current car? You can get stuck in a downward spiral of trading in your car and always being upside down in it never having equity in your car, if you not careful. Just my opinion.

Your Answer

Add photo

Related Questions

LS

Looking for a Used LS in your area?

CarGurus has 651 nationwide LS listings starting at $2,295.

ZIP:

Search Lincoln LS Questions

Lincoln LS Experts

#1 Ionatan Ion
Ionatan Ion
Reputation 1,150
#2 Tom Demyan
Tom Demyan
Reputation 810
#3 Jonathon Sheffield
Jonathon Sheffield
Reputation 700
View All

Related Models For Sale

Used Lincoln Town Car
46 Great Deals out of 2,140 listings starting at $1,700
Used Lincoln MKZ
189 Great Deals out of 13,442 listings starting at $3,038
Used Ford Mustang
697 Great Deals out of 38,429 listings starting at $1,963
Used Dodge Charger
547 Great Deals out of 28,870 listings starting at $2,275
Used Chrysler 300
500 Great Deals out of 20,815 listings starting at $1,500
Used Cadillac CTS
437 Great Deals out of 12,991 listings starting at $1,295
Used Lincoln Navigator
132 Great Deals out of 6,021 listings starting at $1,995
Used Chevrolet Impala
944 Great Deals out of 36,281 listings starting at $1,800
Used Acura TL
327 Great Deals out of 7,097 listings starting at $2,000
Used Honda Accord
1,207 Great Deals out of 77,538 listings starting at $969
Used Lincoln Mark LT
16 Great Deals out of 280 listings starting at $7,995
Used Chevrolet Corvette
359 Great Deals out of 20,258 listings starting at $3,688
Used Chrysler Crossfire
14 Great Deals out of 388 listings starting at $2,995

Used Cars For Sale