Can you trade in a financed car? The answer is yes! However, the loan on your current vehicle won’t go away because you’ve traded it in; you’ll still have to pay off the balance. Learn more about how trading in a financed car works with Wesley Chapel Toyota, and then browse our new vehicle inventory to find a new sedan, truck, or SUV for your St. Pete commute. You can also read our other car buying tips to learn more about what good mileage is on a used vehicle.
Now that you know that you can trade in a financed car, you are probably wondering “How does trading in a financed car work?” Learning how to trade in your financed car is an easy process, but there are quite a few steps involved. Read through our steps on how to trade in a financed car below:
When you “roll over” a loan on a vehicle near Tampa, the dealership is saying they’ll pay off your old vehicle loan no matter how much you owe. However, if this sounds too good to be true, that’s because it is. The price of your old loan is added to your new loan on the next vehicle you buy, meaning you’ll be paying the dealership back for your old loan and your new loan at the same time.
When you’re ready to trade in a finance car for a lease or get behind the wheel of a new Toyota model, come to our Wesley Chapel showroom! Our friendly staff will help you find the right vehicle for your daily drives and help you save on your purchase with our new Toyota specials. You can also read our other car buying tips for more information on the car buying process. Apply for financing today to buy a new Toyota!
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