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Can you trade in a financed car? Here at Cornerstone Plymouth trading in a financed car is simple. So, how does trading in a financed car work exactly? If you’re looking to trade in a financed car for lease opportunities or to purchase a different model, we can help! You’ll simply want to keep in mind that the remaining amount on the loan of your current vehicle doesn’t go away. You will need to pay off the balance. Even still, trading in a financed car is still routinely done here at Cornerstone Plymouth. Read on to learn more about trading in a financed car with the skilled finance team at Cornerstone Plymouth.
So, how does trading in a financed car work? We’ll outline the process for you below:
When a dealership says they will pay off your old vehicle loan, it’s called a rollover loan. With a rollover loan, the price of your old loan is added to the new loan on the next car you buy, meaning you pay back the dealership for the old loan at the same time as paying for the new loan.
Trade in a financed car for lease options or a new purchase! Explore our new or used vehicle inventory online to find the perfect model for you! Still have questions? Contact us today!
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