It’s not uncommon to sell a car with an existing loan, especially if your situation changes two or three years into a five- or six-year loan. Car buyers in DC, Maryland and Virginia often look to sell their vehicles after a big life change such as getting married or starting a family.
Though it’s a little more complicated than selling or trading in a car you own outright, it is possible to trade in a vehicle that still has a loan. If you decide to trade in your current car before you pay it off, be prepared to do a little bit of work upfront so you are ready to move forward when you get to the dealership.
The used car buying process can feel intimidating, especially when it comes to financing. It can be easier to focus on things like the color, make or model rather than the most irksome aspect of buying a car — how we plan to pay for it.
Anytime you finance a vehicle purchase (new or used), lenders must confirm that you will be able to repay them before they can offer you an auto loan. For most dealerships and auto lenders, this means making a judgment call based solely on your credit. Easterns Automotive’s uniqueness is defined by our slogan, “Where Your Job Is Your Credit.” Unlike many other dealerships, we’re willing to work with people who have less-than-perfect credit scores.
Car shopping can be exciting yet nerve-wracking. Between financing and finding the perfect car to fit your lifestyle, there are a plethora of decisions you’ll be expected to make when buying a new or used vehicle.
A vehicle is a big purchase you’ll use on a daily basis and will ideally keep for several years (or more), which is why it’s so important to feel confident in your choice. While it never hurts to browse a vehicle inventory online or walk through a dealership lot to learn about your options, it’s important to determine the answers to some key questions before making a final purchase decision.
Parting with a car that’s been with you through thick and thin can be difficult. Knowing its value, and how much its sale might offset the cost of upgrading to a better vehicle, could make the idea of selling it a bit more palatable.
If you’re not finding the ideal pre-owned vehicle near you, you might be tempted to expand your search to neighboring communities. This is especially common in places like Washington, D.C. where residents of the metro area could be living in Virginia or Maryland. It’s not at all uncommon for D.C. car shoppers living on the Maryland-side to purchase a vehicle in Arlington or Alexandria, or vice versa.
Buying a pre-owned vehicle is a large purchase that comes with some important financial decisions. It’s typical for most car shoppers to finance their purchases with auto loans. If you’d rather not go through the car loan process, you might be wondering whether it’s possible to buy a car using a credit card.
Business owners and decision makers searching for cargo vans and work trucks to buy can easily be overwhelmed by all the options available. The good news about the vast selection of trucks and cargo vans is there’s almost certainly the perfect work vehicle for your specific business needs.
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