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Still Paying on Your Car Loan? Don't Trade it InDon't trade in a car you still owe money on. Not only will you probably be upside-down on your new loan, but there have been instances where dealers don’t pay off your trade-in like they said they would. Guess what? You are still responsible for the trade-in car’s loan and the new car’s loan. If you decide to trade in a vehicle you are still making payments on, insist that the dealer put it in writing that they'll pay off your trade-in car loan in 10 days, or no deal. |
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Car Loan Rates By City
Rates as Low As
Dallas/Ft Worth/Arlington
5.19%
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Current Rebates and Incentives
2010 Audi A4
4dr Front-wheel Drive FrontTrak Sedan 2.0T Premium (Multitronic) 2.0T Premium
Fleet Credit Program Title: Audi 2010 Fleet Program
2010 BMW 750
4dr Rear-wheel Drive Sedan i (A6) i
Residual Program Title: BMW 2010 Residual Values Term Months: 24
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Q: My husband (co-signer) and our 20-year old daughter (first time buyer) went last night and found a used vehicle at a dealer. The "deal" was worked on, the salesman in and out, finance/credit applications were signed. Since the "deal" was being worked out near the end of business hours, my hubby and daughter have to go back today and "finalize" the paperwork. The finance/bank company the dealer uses was not open at that hour. They did not bring any paperwork home, other than Carfax report, no signed copies of anything. Our daughter did put $400 down (through her Visa debit and part thru her Visa credit card). Once home, it was an eye opener when our daughter realized what the full coverage insurance would be. Since they have to go back today to "finalize" the paperwork, and no vehicle went off the lot, does this mean the DEAL is NOT actually FINAL? She had changed her mind. Thank you for your assistance. Daphne R. – Wooster, Ohio A: With no vehicle delivery there is no legal deal in my opinion. If the customer signed an agreement that says that the customer will forfeit their deposit or down payment, the customer may be out $400 for great lesson. Some credit card companies can help recover frivolous charges like these.
Agustin Vasquez, Jr., General Manager, Mack Massey Chrysler Jeep Dodge, El Paso, Texas
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Hank Baskett's Chrysler 300
The Indianapolis Colts are playing in Super Bowl XLIV Sunday and we wanted to know what some of the players drive. What would it cost if they took out a car loan to pay for the veh ...
Jeremy Shockey's 1969 Dodge Charger
With Super Bowl XLIV right in our backyard here in South Florida, we at AutoLoanDaily.com wanted to know what some of the players drive and what it would cost if they took out a ca ...
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This is Great for the big 3. I hope people go for it and trade in their foreign cars NOW! ... Read More
Hope u people throw him out soon-what an ass ... Read More
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How bad is America that we let a group of out-of-touch elitists in DC gut our financial industry and stuff it full of pork? Is it not bad enough that our cars and homes are being repossessed in re ...Read More
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