Rolling over a car loan

1 Reply

I’ve had my car for a year and the engine is blew out all of sudden I’m going to reach to the finance company and dealership about the car but would it be possible to roll over my balance left into a new car loan possibly or what should I do?

@Deonte Palmer   I feel your pain,  just when you think it is going ok the engine goes,...,  my son recently had this happen and as soon as he canceled the insurance in Massachusetts they notify the bank.  His choices were pay it off or get  a personal loan from the bank. They won't loan you more on a car then its worth so for another car it would have been too much money for him. Not sure what they would have done if he couldn't pay it off all at once.  Also this was a bank not a car dealer. Not sure if you go back to the dealer if they will work with you.