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  1. C

    Can I Use My Car As a Down Payment?

    You can use the car as a downpayment per se. It works like this .....the car you want is 9000. Your car is worth 500.00. The dealer writes the trade as 1300.00 to pay off your loan but adds the 800.00 he is paying off for you to the other dealer to the price of your next car. Next car loan is...
  2. C

    Can I Use My Car As a Down Payment?

    You can use the car as a downpayment per se. It works like this .....the car you want is 9000. Your car is worth 500.00. The dealer writes the trade as 1300.00 to pay off your loan but adds the 800.00 he is paying off for you to the other dealer to the price of your next car. Next car loan is...
  3. C

    Can I sell a car and send in the payoff amount to the bank?

    Probably not, in my state you'd have to get the car registered to you first. Then there would be a registered lien on the car title. Then you would still be able to sell the car but you'd have to take the buyer and the cash along to the credit union to complete the transaction so that the...
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