Pinay-American Blog
new car loan?
Wednesday, October 1, 2008 @ 5:21 AM

transferring old car loan to a new car loan? people wonder why this country is up to its ears in debt. pay it off. if you cant afford to pay it off, you cant afford a new car Check the blue book value of the new car If the value is $2000 more than what you are paying for it you shouldn't have a problem. It depends on the bank you go through, but most will finance the full blue book value so if you get $2000 over you can take the difference to pay off the old loan. I just did this a while ago and used the extra money for a warranty and modifications, so I don't think you should have much trouble. Good Luck.I used to sell cars, so the answer to that question is yes, you can tranfer your balance as long as you finance or lease the car with the same bank you bought your old car with.http://www.getthebestautoloan.com/ is the best website i came across..


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