Car Buying


Can I Roll My Previous Car Loan Into a New Loan? Can I Roll My Previous Car Loan Into a New Loan?

One of the most challenging things for car buyers is when a situation arises where the current car becomes either unsatisfying or unaffordable. What can you do when you need to get a new car even though you still owe money on the one you currently own? The fastest solution is to roll the negative equity (what you still owe) into the new car loan. While some dealers will allow you to do this, there are a few factors you need to consider, such as the remaining balance on the current loan, and the quality of your credit.

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