Refugio Gastineau: yes, you can. They will appraise it and they will give you a price that THEY think is fair. Of course you will get a better deal if you trade for a car than getting it in cash.
Robt Betker: Of course you can do that, but you'll get fleeced. The dealer will give you half of what the car is worth. They are in business to make money and will market your car to sell it for a profit. You will likely have to dig deep in your pockets to pay off the loan. Your best bet is to sell the car to a private party through Craigslist or eBay.
Stanton Valdivia: here are a couple of ideas you may not be aware of. first, if you have been paying on the car you can call and find out what the buyout is. Cars you are making payments on have a principal plus interest that uou pay down every month. If you buy the car cash you may be able to save some of the interest, call the lienholder and ask him what the buyout would be . second, if the buyout is less than the car! is worth sell the car pay it off and get the title and send it down the road. If you are upside down, meaning you owe more than the car is worth, no dealer will touch it unless you buy a more expensive car. If you were to try to trade it in to a dealer, he would lo ball the car, and after he locked you into another loan with the balance from the first car he would go down to your trade in and buy it out cash, saving him all of the interest. If you sell the car to a dealer pay the trade in down to what its worth to a dealer, so he does not make free money for himself at your expense. best of luck....Show more
Romana Stiman: The dealer can do this, but he will do this offering you very little cash. We wants to be able to pay off the loan, fix any problems, take a chance on it sitting on the lot for a couple of months , and then be able to count on a reasonable profit. If you owe a lot on it he will not be interested.
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