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Discussion in 'Credit Talk' started by Flagirl, Jan 5, 2001.
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Yes, you make sense. My guess is that you can do 1 of 2 things:
1. Trade in car to dealer and pray that the amount they give you for the car can pay off the loan. If not, they can always add the difference to the price of your new car! That sucks! :-(
2. Sell the car privately. You'll probably get more money this way. Then use that money to pay the loan off.
If you don't mind me asking, what year and make is your car? How many miles on it approx.? How much approx. do you owe on it?
There are 2 web sites that you can go to and check the trade-in and market value of your car. I used these sites to negotiate when I bought my Caddy.