How to trade in a car that is not paid off: Your guide
Equity will determine whether you can easily trade in a car that’s not paid off.
Rebecca Betterton is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Rebecca understands the anxiety that comes with heading to a dealership. She is passionate about empowering readers to make informed financial decisions in the showroom through focused advice and guidance. Outside of that, she has spent the last year researching EV financing and trends to make it more accessible for all sorts of drivers.
Equity will determine whether you can easily trade in a car that’s not paid off.
Car loans for bad credit may be pricier, but careful shopping can help.
Refinancing your car loan can save hundreds — if not thousands — in interest. But it comes with some drawbacks.
Getting the best financing for your new set of wheels requires time and research.
Gravity is an auto loan marketplace enabling borrowers to compare top refinance offers online and in minutes.
LightStream has no fees for personal loans and offers very competitive rates. Its loans can be used for nearly anything, including debt consolidation.
A SoFi personal loan is great for those with a decent income and good credit. There are no fees and no penalty for paying off your balance early.