How Auto Financing Works
how auto financing works
I want my auto loan company to pay off my car, let me keep it and give me a new one.?
My auto finance company contacted me and told that since I owe less than $2,000 left, they would pay off my current auto loan and give me a new car in exchange for my old one. They also guaranteed a lower finance rate and lower payments. I originally told them no because I’m looking forward to not having anymore payments.
However, I have a 16 year and realize the benefits of having 2 cars. So, I want to keep my current car and get a new one but I’m wondering if I can still get them to pay off my current car even though I want to keep it. I also don’t want to pay a down payment for the new one. This may seem greedy but I figured it doesn’t hurt to ask and with so many people not being able to pay for their cars, the company may be willing to work with their good customers.
Has asked about this kind of thing and how’d it turn out for you?
TIA
Heck ya ask ‘em. I just might answer the phone!
