Where can i find a Car dealership that pays off trade ins?

Question

I live in Houston TX and i've heard of a few dealerships that do it but i can't remember the names of them. I have an 2000 ford explorer eddie bauer edition that im still paying on, and it has no ac. i have a 2 yr old son who cant tolerate the heat and cant afford 1200 to fix my ac.

Answer 1

Most car dealers will do it,they usually call it a back Trade,depends on how much you owe,as to if they will do the deal or not,but its a relatively simple matter.

Answer 2

In order to accept a trade-in, the vehicle must pay off the trade-in.

So to answer your question, ALL franchised dealers (Ford, Chevy, Honda, etc.), as well as any independent lots that accept trades, will pay off the vehicle.

If you owe more than the vehicle is worth, the balance will be added to the new loan, so money down may be required if you owe significantly more than the vehicle is worth (especially if there are credit issues).

It is always worth a try, though. I have seen people who owed as much as 10,000 more than the tarde was worth get approved with no cash down payment.

New vehicles OR current year used vehicles that are not yet listed in the used car value guide will probably be your best bet if you owe significantly more than the vehicle is worth.

Since theer are a lot of other factors involved here (such as credit, trade value, your budget), I recommend being up front with the saleman about what you are trying to accomplish. He/she will then be able to guide you in the right direction as to what option will best fit both your needs and your budget. I would recommend trying a franchised dealer (such as Ford, Chevy, Kia, etc.) first. They will be more likely to be in the position to help.

Answer 3

I think I have seen an ad for Carmax that does that, but there is another problem.  If you owe more on the vehicle than it is worth, they are not going to pay it off.  You may be better off to go to a new car dealership.  They, Ford in particular, are in terrible shape in this economy. Pick out a vehicle that is pretty much stripped, except that it has AC. And I am talking new.  They will/should give you a good trade in, thus paying off your car.  Now, you have to decide if you can make the payments on the new one.

Answer 4

find a mechanic that can hook up a fan for him.  forget going into deft for another 4-5 years

Answer 5

Sure, I'm in Houston, I hear those ads all the time.  Then at the end of the ad, they say really fast, "does not include negative equity loans" which means, your car has to be worth more than the payoff value.  

So, if your car is worth $10,000, and your loan balance is $6,000, you can get $4,000 off the purchase of a new car.  Which is a really, really expensive way to get your a/c fixed - taking on six years of $500 a month payments.

Yes, it's miserable here.  Take on a part time job, or see if a dealer wil swap you a $1,000 car with working AC, for your explorer, and they pay off the loan.  Then save up your payment money for the next car - or repairs.

Answer 6

You need be careful when going to trade your car to a dealership.  If you are not sure of the value then you can lose a lot of potential money.



Dont be suprised if a dealer makes a terrible offer. It's not hard to get a quote online to see how much your car is going to fetch.  I have recommended http://tradein.123thebest.info - Good luck.