So, can you trade in a financed car? Yes! However, it is important to understand that you still have to pay off the balance on your car loan, as it does not disappear because you’ve traded it in. Learn more about trading in a financed car with the experts at the Ford of Latham finance center below! For more information about trading in a financed car near Troy, feel free to contact us anytime!
When learning more about trading in a financed car, you may come across the term “rolling over” a loan. This means that the dealership will pay off your old loan, and add the difference to your new car loan. So, you still have to pay off the remaining loan and the loan on your new car as well.
If you’re ready to trade in a financed car for lease, come stop by and see us at Ford of Latham for your appraisal. While you’re here, be sure to browse our new vehicle inventory to check out any new vehicles on our lot that fit your lifestyle. Be sure to take advantage of our new vehicle specials to save more near Schenectady! We are also happy to walk through how to finance a car with no credit if you’d like.
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