Hello. I have a 2001 Plymouth Neon which has seen better days due to my daily commute. I owe $5000.00 on the current car loan. I'm thinking of trading it in and whatever the remainder of the $5000.00 is owed, add that on to a new car. Is this possible? Right now I am eyeing the Honda Element. Has anyone done this where they owe on a financed car and were able to carry it over to the new car? I may be able to get $2000.00 for my current car if the dealer wouldn't mind the trade in.