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- 01-29-2008, 08:01 AM #1
White Belt
- Join Date
- Jan 2008
- Posts
- 1
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.
- 05-12-2008, 12:39 PM #2
White Belt
- Join Date
- May 2008
- Posts
- 2
yes, you can transfer an old car loan balance to a new car loan without a trade in.
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That seems like a bad idea though. You are just digging a deeper hole for yourself.
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