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Financing question

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Old 09-18-2015, 02:18 AM
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Originally Posted by looking@audi
If you are trading in the car - you will need to own it. You will need to pay the $10K you owe to own the car. The only other alternative is to finance the $10K you owe.
Just to clarify another comment, this is not at all true. As he said, the dealer will pay it off. It's just a matter how much you want to put down. How much you owe on your car is not a factor in the deal as all as long as you and the dealer understand what you want to use from the equity you have for part of the down payment.
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