How does financing work if I exchange a used car?

[Shyla Bernetta]

I bought a used car recently but it has had nothing but problems. The dealer seems to be open to exchanging the car I purchased with another one from their lot. However, I wanted to know how financing would work. Can they just amend a certain amount to the contract I current have? Will the second financing pay out the first one? Seriously I have no clue here so any help is appreciated.

[Xanthia Alysha]

It will be buying another car and trading in your present one. Financing will have to be redone , titles transferred. Depending on how pricing works out you may wind up paying more for the vehicle than you paid for your present car. You will also have sales tax and title fees again.