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  1. #1
    navjeet8 is offline White Belt
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    Jan 2008
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    Default Can I transfer an old car loan balance to a new car loan without a trade in?

    I owe $2000 on my old car. I want a new car. I am giving my old car to my mom. Can I transfer the $2000 to my new car loan without a trade-in? (The car definitely is not worth $2000)My husband thinks I have to trade it in to transfer the balance.

  2. #2
    craigdaw74 is offline White Belt
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    May 2008
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    Default

    yes, you can transfer an old car loan balance to a new car loan without a trade in.

  3. #3
    Magic69's Avatar
    Magic69 is offline Green Belt  
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    That seems like a bad idea though. You are just digging a deeper hole for yourself.

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