Question about car early payoff

 I only have 5 months to pay on my car.  At that point, I plan to trade it
in on a new car.  I'm thinking that instead of going through the hassle of
completely paying it off, and going through the hassle of obtaining the
title, I'll just trade it in with a month or two remaining.  Does that
sound reasonable?

-Thanks

 

I don't understanding.  Are you leasing the car or financing it?

If you are financing the car you already have title.

If you are leasing the car, you don't have title and you take it back in 5
months and can negotiate then to buy the car with cash or financing, both of
which give you title, or lease a new vechicle

 The Henchman wrote:

   Yes, but the title will list the lender as a lien holder.

 somebody wrote:

Alway better to have something completely paid for than to still owe on
it when purchasing new.

 
:>I only have 5 months to pay on my car.  At that point, I plan to trade it
:>in on a new car.

Why do you want/need a new car?

Why is the decision predicated on when your current car will be paid off?

:>                  I'm thinking that instead of going through the hassle of
:>completely paying it off, and going through the hassle of obtaining the
:>title, I'll just trade it in with a month or two remaining.  Does that
:>sound reasonable?

I would expect that most car dealerships know how to handle such a
transaction.

But the earlier questions stand.

--
http://www.dissensoftware.com

Should you use the mailblocks package and expect a response from me,
you should preauthorize the dissensoftware.com domain.

I very rarely bother responding to challenge/response systems,
especially those from irresponsible companies.