Are you curious about whether you can trade in a financed car or not? Well, the answer is yes! Whether you need an upgrade because your family’s growing or you want a model that fits your Salem driving style, you can trade in a financed car for lease. Keep in mind, however, that your loan balance doesn’t go away. It still needs to be paid off. Find out more about how does trading in a financed car work, and other options with Lum's GMC. Then contact us if you have any questions about interest rates, selling a car, credit scores, and more.
Trading in a financed car around Newberg doesn’t have to bring you stress:
How can you trade in a financed car with a balance remaining? When dealerships rollover your loan, they’ll pay off your old loan, no matter how much you owe. However, don’t get too excited as the price just gets added to the next car you buy. This allows you to pay the dealership for the old loan and new loan at the same time while driving the model that fits your needs around Hillsboro.
Now that you know how trading in a financed car works, explore our other car buying tips, so you’re prepared for the car buying process. If you have any questions about how to trade in a financed car for lease or your other options, our finance department is here to help!
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