Trade in while owing the bank?

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face2

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So I would like to buy a different car, but I owe.
Fortunately, I owe 12K and my car is work about 15K at trade-in. I am looking for a car that will be about 17K.
I do NOT want my credit run again (I don't like inquiries), but maybe a continuation of the loan, or extra money on top of it?

How does this work for a trade in?
 
It sounds like you may have some equity to use as a down payment BUT they will have to run your credit to qualify for an new loan. You can not use your existing loan to get a new vehicle. Good Luck
 
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