New Car Buying Tip: Don’t Trade In A Car You Owe Money On
Here is a new car buying tip that can save you a lot of anxiety and grief, if not money.
It is quite common for people buying a new car to trade in their old car, and this tip will help you avoid the pitfall of such an action. Many times the happy customer drives away into the sunset and forgets all about this tiny detail only to get a very rude awakening a few weeks later. They suddenly find out that their new car dealer did not pay off their car loan in a couple of days as promised.
Legally when the bank calls, the loan is still in your name and you are therefore still liable and responsible.
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