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You can definitely trade in a financed car in most cases — so long as you bear in mind that the loan on your vehicle won’t magically disappear simply because you’ve traded in your vehicle. So, what does the process of trading in a financed car look like? Well, you trade in the car as per usual, but then you continue to pay off the balance. Alternatively, you can have the remainder of the loan rolled over.
Whether you want to trade in a financed car for a lease or you’re just looking to unload your old vehicle to avoid making future payments, we here at the Holiday Automotive finance center can help. Read on to learn more or contact us anytime!
Rolling over a car loan is actually a fairly simple process. It’s what happens when a car dealership, such as Holiday Automotive, says they will pay off your old loan regardless of how much you owe. However, generally, this price gets tacked onto your new car loan, so in essence, you still wind up paying it off. This is why, for many West Bed and Beaver Dam drivers, trading in a car is best when there’s no outstanding loan.
Ready to trade in your financed car for a new car lease near Ripon or even a quality pre-owned vehicle? Get behind the wheel of a from Holiday Automotive today! Be sure to browse our lease deals in Fond du Lac or used vehicle specials to save more. Meanwhile, apply for financing online.