Buy Your - Car No Matter How Much You Owe

The phrase "we’ll pay off your car no matter how much you owe" is a common marketing slogan used by car dealerships. While it sounds like a way to wipe out your debt, it usually involves specific financial maneuvers rather than the dealership simply paying off your loan for free. How It Works

: The most common method is adding your existing debt to the loan for your new vehicle. For example, if you owe $20,000 on a car worth $15,000, the $5,000 difference is added to your new car loan. buy your car no matter how much you owe

: Lenders often allow financing up to 120% to 130% of a new car's value to accommodate rolled-over debt. The phrase "we’ll pay off your car no