Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
Best Answer: trade in vale is the value that the car dealer will give you for your car to put twards your new purchase. Payoff is if you have a vehicle that you are still paying on, the dealer may pay off what you still owe on your vehicle if you buy a car from them.