Reported 1 day ago
Trading in a car that isn't fully paid off is possible, but whether it's wise depends on your vehicle's equity. If you owe less than its value (positive equity), you can trade it in and use the difference as a down payment. However, with negative equity (owing more than the car's worth), it's often better to pay off the loan first or consider selling the car privately to avoid rolling debts into a new loan. Always check your car's value and compare dealership offers.
Source: YAHOO