Can you trade a car in with a title loan?
I’ve been on the fence about purchasing a new vehicle, but one of my local dealerships has a huge sale going on, and I found a car I want to buy. I plan to trade in my current car, but it has a title loan. Can you trade in a car that has a title loan on it?
- Include the negative equity in your new car loan and accept higher monthly payments.
- Pay the difference in a lump sum and keep the monthly payments lower.
- Wait to trade in the vehicle until the title loan is paid off.