Trade in car with loan?

Asked by Guru9B687R Jul 01, 2021 at 11:43 AM about the 2017 Ford Fusion SE

Question type: General

Hello, My question is that my parents own my current car. It has a loan on it for
about 14K. I would like to purchase a car. Can I use the current car as a trade
in or am I SOL on that? Would I be able to out right sell my current car and use
whats left after the loan for a down payment?

3 Answers

Check the value compared to the loan balance. Unless the car is in your name you cannot sell it or trade it in.

1 people found this helpful.

If you don't own the vehicle you can't do anything with it. Plus you don't want to roll $14,000 into a new loan! Your payments will be super high and you'll be paying for two vehicles, one of which you no longer have! Not a good idea! Hope that helps! Jim

1 people found this helpful.

Can’t use current car as trade in... but u can finance the fusion for 5 years and payments would be under $200/mo

Your Answer:


Looking for a Used Fusion in your area?

CarGurus has 9,393 nationwide Fusion listings starting at $1,200.


Own this car?

Share your experience with others.

2017 Ford Fusion

Review another car

CarGurus Experts

  • #1
  • #2
    Michelle Tapley
  • #3
    Katherine Ramirez
View All

Know more, shop wisely


Related Models For Sale

Used Toyota Camry
1,855 Great Deals out of 41,769 listings starting at $1,100
Used Honda Accord
1,265 Great Deals out of 29,395 listings starting at $700
Used Chevrolet Malibu
789 Great Deals out of 20,647 listings starting at $2,000
Used Ford Focus
387 Great Deals out of 5,343 listings starting at $800
Used Honda Civic
1,098 Great Deals out of 33,589 listings starting at $1,495
Used Ford Fusion Hybrid
134 Great Deals out of 1,763 listings starting at $2,000
Used Ford Taurus
147 Great Deals out of 2,253 listings starting at $1,400
Used Ford Escape
2,041 Great Deals out of 42,786 listings starting at $995
Used Ford Mustang
855 Great Deals out of 24,642 listings starting at $1,900
Used Nissan Altima
1,184 Great Deals out of 34,311 listings starting at $1,400
Used Ford F-150
5,528 Great Deals out of 120,656 listings starting at $1,900
Used Dodge Charger
709 Great Deals out of 38,388 listings starting at $1,600
Used Ford Edge
1,258 Great Deals out of 36,721 listings starting at $2,400
Used Toyota Corolla
1,571 Great Deals out of 25,032 listings starting at $1,900
Used Hyundai Elantra
862 Great Deals out of 23,590 listings starting at $1,350

Used Cars For Sale

2019 Ford Fusion SE For Sale
43 Great Deals out of 488 listings starting at $7,495
2018 Ford Fusion SE For Sale
76 Great Deals out of 681 listings starting at $6,990
2017 Ford Fusion SE For Sale
53 Great Deals out of 767 listings starting at $3,000
2016 Ford Fusion SE For Sale
59 Great Deals out of 632 listings starting at $4,900

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.