maximum amount to rollover into new car loan?

Oct

Filed under: Auto Loan

Does anyone know the maximum amount to rollover from a car loan intop a new car loan?

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Comment by cattx01
October 21st, 2008 at 6:30 am
Why would you want to do that? That would put you "upside down" which means you'll be paying more money for a longer period of time. You would also need to find a vehicle that would hold it's value longer so that it doesn't seem that bad, but most lenders these days won't let you roll too much unless you have a nice size down payment.
Comment by yourplaceofrest
October 21st, 2008 at 6:30 am
You really do not want to roll over but if you must do, make sure you do the math. The amount depends on the interest rate and the length of the loan and the new loan amount. All these will pay a part in how much you should roll over.

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