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!
2023 GMC Sierra 1500 Trim Levels Looking for a light-duty pickup truck that offers Yamhill County drivers with best in class diesel horsepower and torque, while also being the most luxurious in its class? Then it sounds like you’re looking for a 2023 GMC Sierra from Lum’s Buick GMC in McMinnville. The GMC Sierra 1500…
History of Chevrolet and GMC General Motors was founded in 1908, and would go on to merge with Chevrolet Motor Company in 1918. General Motors still owns Chevrolet to this day and doesn’t seem to be going anywhere, anytime soon. Chevrolet offers vehicles from trucks to SUVs and Subcompact cars. GMC only offers SUVs and…
The new GMC Sierra HD is getting pretty popular around Salem job sites. That’s likely due to the impressive GMC 3500 towing capacity. How much can a GMC Sierra 3500 tow? The 3500 is capable of towing an unbelievable 36,000 pounds when equipped with a diesel engine and a fifth-wheel, and 16,530 pounds with…