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Can you sell your car back to the dealer you're financing it from?
"Even though I owe money on it, can I still sell this car back to the dealer? I want to get a new car, but I have a car I'm currently paying on. I like the dealer I bought the car with and who I'm currently financing from."
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You can definitely sell them this car.
If you still owe money on the car after that, they’ll roll the leftover amount into the loan for your
new car
, which is an industry-standard practice.”View full answer
- Gregory R.
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