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Trading In a Car With a Loan? Read This!

Ever wondered if you can swap your car before paying it off? You totally can, but here’s the catch: if you owe more than your car’s worth (aka negative equity), you might end up rolling that debt into your next loan. That means higher payments and a cycle that’s hard to break. If your car’s worth more than what you owe, you’re golden—use that as a down payment! Just watch out for sneaky prepayment penalties. Don’t let a shiny new ride trap you in endless debt! #CarBuyingTips #FinanceHacks #CarLoans #Cars #BuyingCar