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Late payments on vehicle

If you are behind on your loan payments, can you take your vehicle to the dealership and trade the vehicle in?

Answer Question

Asked by Anonymous at 6:25 PM on Mar. 17, 2010 in Money & Work

Answers (4)
  • Yes, but you won't be able to finance anything. Also, why would you want to if you can't make the payments now?? Maybe try public transportation...

    Answer by Anonymous at 6:27 PM on Mar. 17, 2010

  • they would add the payments to the new loan but yeah

    Answer by Anonymous at 6:27 PM on Mar. 17, 2010

  • No. They will see you are late when they check your credit and they will not finance anything for you.

    Answer by Anonymous at 6:29 PM on Mar. 17, 2010

  • Yes, you can trade it in. If the late payments are on your credit report and your score is low, you might have trouble obtaining a loan or you may be offered a high interest rate.

    Answer by Irelandsmom77 at 5:39 PM on Mar. 18, 2010

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