Can you trade in a financed car around Jackson or Point Pleasant? Yes, trading in a financed car is possible at Celebrity Ford of Toms River! But, there are a few considerations to keep in mind. While you can trade in your car for another model successfully, you will still be responsible for the balance of the vehicle. Luckily, our finance experts can help you make the transition seamlessly. Find out the answers to questions like, “How does trading in a financed car work?” and “What is rolling over a loan?”
How does trading in a financed car work? Whether you trade in a financed car for a lease or another financed vehicle, we’ll go over the basic steps.
Rolling over a loan is a multi-step process. First, the dealership will pay off the balance of your old loan. This enables you to end the old loan and get into a new car. Next, you’ll need to pay the dealership back. Essentially, you’ll pay off the balance of the old vehicle while also paying off the balance of the new vehicle. This can still be a good option, especially if you are downsizing to a less expensive vehicle. If you trade in a financed car for a lease or loan with a much lower monthly payment, this can help you get out of negative equity faster.
So, can you trade in a financed car at Celebrity Ford of Toms River? Absolutely. Whether you want to trade in a financed car for a lease or just explore your financing options for the future, let the experts at Celebrity Ford of Toms River guide you through the process.
You can learn more car-buying tips or apply for financing online. And if you run into any questions along the way, contact us. We’d be happy to explain how trading in a financed car can unlock new possibilities for the Lakewood roads ahead.
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