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Trading trucks

Discussion in 'General Automotive' started by cbcs1987, Sep 18, 2011.

  1. Sep 18, 2011 at 12:32 PM
    #1
    cbcs1987

    #1
    cbcs1987 [OP] Redneck from the hills

    Joined:
    Apr 1, 2008
    Member:
    #5670
    Messages:
    1,332
    Gender:
    Male
    First Name:
    Cody
    East Tennessee
    Vehicle:
    2007 Tacoma 4wd access cab
    6" Fabtech coilover lift. 35/12.50/17 Mickey Thompson MTZ, 17x9 ProComp 1089 wheels painted black, UWS black lowprofile toolbox, husky liners, tacoma bed mat, bed lights, Premier stereo, Cobra 19 cb, firestik 3' antenna.
    Me and a friend are interested in trading our trucks straight up with each other, and I just have a few questions. Other than swapping titles over, what happens with the payments? Will I have to start paying the rate he is currently paying, or will my rates remain what they currently are but just for a longer period of time since he owes a little more on his current truck? I know this probably sounds like a stupid question but I'm new to this and wanting to learn from people who have experience doing this, thanks.
     
    cbcs1987, Sep 18, 2011
    #1
  2. Sep 18, 2011 at 12:34 PM
    #2
    Tigahshark

    #2
    Tigahshark Senior NEWBIE

    Joined:
    Aug 14, 2011
    Member:
    #61688
    Messages:
    8,241
    Gender:
    Male
    First Name:
    Isaac
    On a volcano, literally!
    Vehicle:
    2011 DC TRD off road 4X4
    Tint Weathertech floor liner, weathertech window visor Roll n lock tonneau cover Rubber bed mat Smoked license plate covers
    You will most likely have to re qualify for his loan amount and he for yours if you are still paying
     
    Tigahshark, Sep 18, 2011
    #2
  3. Sep 18, 2011 at 12:41 PM
    #3
    georgeandkanoa

    #3
    georgeandkanoa the point is simply this

    Joined:
    Mar 9, 2010
    Member:
    #32864
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    1,794
    Gender:
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    First Name:
    jeff
    calgary
    Vehicle:
    07 tacoma trd
    bilstein5100's front tinted windows access cover pioneer stereo weathertechs grillcraft grill kc's behind cbi sliders
    better talk to your bank,they don't just let you do that basically they own your truck until its paid for, and (just in case)they want the truck back they definately want the truck they lent you the money for
     
    georgeandkanoa, Sep 18, 2011
    #3

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