thinking about trading in my car for the same exact model and everything except for a manual instead. when i traded in my old car for my Z they paid off Toyota and i refinanced through them. Well actually i pay the bank every month ad a part of a loan. so does that mean i can just trade in my car as like fully paid off in cash and just continue my loan at the bank or do i have to refinance it?

 

If the total pay off amount of your loan is what your car is worth then you dont pay anything out of pocket for the trade in...

IF your car is worth 10,000 and you owe 12,000 you will owe 2,000 to trade it in or they could put that balance on your new loan...