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Old 05-11-2011, 06:26 PM   #1
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can people trade two cars with loans on both vehicles?

As the title states... I need to know if two people can trade cars with both vehicles still having loans on them?

Long story short... I cannot fit a car seat in the back of the mustang and I need to find something with four doors. so the mustang is officially out there for sale right now the only reason I am not so upset and depressed... i care an insane amount for this girl and the baby. So if anyone could toss me some insight that would be fantastic... thanks!
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Old 05-11-2011, 10:40 PM   #2
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It sounds like you're doing it wrong. I traded my 99 ranger in for a 2000 gt because I needed a more family friendly vehicle with our newborn. Had no problem fitting the car seat in the backā€¦both the rear facing and forward facing styles.

To answer your question, you can trade in 20 cars with loans if you want as long as you aren't upside down with any of them. For 2 people to trade in cars that are not mutually owned, I believe you'll have to be buying the new one together tho.
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Old 05-12-2011, 05:17 AM   #3
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Re: can people trade two cars with loans on both vehicles?

you mustang has baby seat connections in the rear seat for a reason...it can be used as a family car...not as easy as a 4 door sedan but they are pretty boring.
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Old 05-12-2011, 09:05 AM   #4
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I fit a car seat in the back of mine just fine. Yea not as much convenience as a 4 door but not bad. I have a 17 month old and I have a britax car seat. If u know anything about them they r one the best seat u can buy and two they are huge and take up a ton of room. But still works fine in my stang!
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Old 05-12-2011, 12:19 PM   #5
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Re: can people trade two cars with loans on both vehicles?

yeah my stang has connections in the rear seat for a car seat also so I don't see any problem with putting a car seat in it unless you just want to get rid of the mustang .
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Old 05-12-2011, 03:04 PM   #6
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Re: can people trade two cars with loans on both vehicles?

I dont think the bank will just "swap loans" its more like a you refinance the loan in your name and the other party does the same kind of thing.
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Old 05-12-2011, 03:39 PM   #7
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Re: can people trade two cars with loans on both vehicles?

Quote:
Originally Posted by SpectorV View Post
I dont think the bank will just "swap loans" its more like a you refinance the loan in your name and the other party does the same kind of thing.
Ok, so I read his first post as "trade in" with 2 cars...not 2 people swapping. Oops.

To "trade" cars with someone , you will basically need to buy each other's cars. Probably be easier to go to the bank together and if you both qualify, then you can swap.

Or, if you trust the person, you could each take over each others payments and just continue on your merry way...but, not a recommended route unless it's a close family member.
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