Stupid Question About Trading Cars
04-07-2014, 12:58 PM
#1
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Stupid Question About Trading Cars
Ok some of you may think there is an obvious answer here but i could think of it off the top of my head.
How is possible for someone to trade a vehicle they own but still have a loan on trade to another person for their lower value car?
For example lets say PERSON 1 has a Honda civic that owes $9k on it and sees a Honda S2000 for sale from PERSON 2 for $7.5k how does PERSON 1 go about making that trade.. i.e. bank notifications ect.
How is possible for someone to trade a vehicle they own but still have a loan on trade to another person for their lower value car?
For example lets say PERSON 1 has a Honda civic that owes $9k on it and sees a Honda S2000 for sale from PERSON 2 for $7.5k how does PERSON 1 go about making that trade.. i.e. bank notifications ect.
04-07-2014, 01:28 PM
#2
buzzkillington
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Re: Stupid Question About Trading Cars
so what you are saying is that person 2 is also interested in trading if thats the case since person 2 car is of lesser value he would owe person 1 1.5k to make it an even trade. as of person 1 he would simply accept the 1.5k (to make the trade even) go to the bank that issued him the loan transfer the loan to person 2 (that is if person 2 is also interested in the civic) making person 1 proud owner of a s2000 and person 2 owner of a honda civic
dont know if that helped but thats what i understood from your post
dont know if that helped but thats what i understood from your post
04-07-2014, 01:31 PM
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A.K.A Jebus
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Re: Stupid Question About Trading Cars
Pay off your cars then trade them 
04-07-2014, 06:42 PM
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Re: Stupid Question About Trading Cars
Sounds like you're making it too complicated. You can't trade a car that has a loan on it, the bank holds the title. You'll have to figure out a way for it to be paid off first.
04-07-2014, 07:38 PM
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04-07-2014, 07:40 PM
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Re: Stupid Question About Trading Cars
thread title is pretty accurate.
04-07-2014, 07:40 PM
#8
Sheeeit
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Re: Stupid Question About Trading Cars
I`m pretty sure if Person #2 is eligible and willing they can take over the loan and payments of Person #1`s vehicle.
04-07-2014, 09:46 PM
#9
SHAKESHAKESHAKESHAKE
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Re: Stupid Question About Trading Cars
OP needs to step his Latin game up. When offering an example you use the abbreviation "e.g." for the Latin exempli gratia and when you are expressly restating something in order to avoid confusion you use the abbreviation "i.e." for the Latin id est. It's also redundant to add et cetera to the end of a statement with "e.g." in it as "e.g." already indicates a partial list. Also, you abbreviated et cetera "ect." rather than "etc.".
04-08-2014, 03:31 AM
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Re: Stupid Question About Trading Cars
OP needs to step his Latin game up. When offering an example you use the abbreviation "e.g." for the Latin exempli gratia and when you are expressly restating something in order to avoid confusion you use the abbreviation "i.e." for the Latin id est. It's also redundant to add et cetera to the end of a statement with "e.g." in it as "e.g." already indicates a partial list. Also, you abbreviated et cetera "ect." rather than "etc.".