Legal Question in Consumer Law in North Carolina

Yes, they can do that, but to be absolutely sure, I would need to see the agreement. I am willing to bet that they spotted you a car however. By spotting, the deal is contingent on your getting approved for a new loan and your existing car bringing in enough to make the deal work.

Given this economy, if possible, I would keep your old car and keep paying for it until it is paid off and then I would keep driving it until the wheels fall off. I would not be anxious to be in any car loan agreements at all right now. If you have to get rid of it, then look for a gently used car that will be lower in price/ However, its always a bad idea to rollover the cost of the old car into the new as you quickly find yourself upside down in that you owe more than the car is worth.

And get your own financing arranged beforehand. If you are a credit union member, try there.