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Should You Tell the dealership that you are preapproved? Teaching people how to negotiate with dealerships one step at a time! You can absolutely trade in a financed car. Keep in mind though, you will still have to pay off the balance.
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Smartest way to trade in a car with Negative Equity Before trading in a financed car, there are a few things you should do, like find out how much equity you have in the vehicle and calculate much car you can Yes, you can trade in a financed car, but you still have to pay off the remaining loan balance. However, this is not as intimidating as it sounds.
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How To Get Rid Of Negative Equity Trading in a vehicle that you still owe money on is a relatively simple process. Dealers will be happy to work with you on it and do most of the legwork.
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