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  1. 01-29-2008, 09:01 AM #1
    navjeet8
    navjeet8 is offline White Belt navjeet8 is on a distinguished road
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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.
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  2. 05-12-2008, 01:39 PM #2
    craigdaw74
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    yes, you can transfer an old car loan balance to a new car loan without a trade in.
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  3. 05-14-2008, 09:05 PM #3
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    Magic69
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    That seems like a bad idea though. You are just digging a deeper hole for yourself.
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