Looking to upgrade your The Villages commute, but you still owe a balance on your financed vehicle? Luckily, you have options should you decide to trade in a financed car for lease. However, keep in mind when trading in a financed car for lease, you will still have to pay off your remaining balance.
Learn more about what you can do when your loan still has a balance with the finance team at Sullivan Buick GMC, and don’t hesitate to contact us if you have any questions about car loans, interest rates, credit scores, and more.
When you want to trade-in a financed car for lease, but find you still owe a balance, Dunnellon dealerships may offer to take on your old loan, no matter what you owe. However, that amount doesn’t just go away. When you purchase a new vehicle with the dealership, the amount of your old loan is added to the new loan, so you’re paying off both at the same time.
If you’re still questioning how trading in a financed car works, contact our finance center team to discuss the right options for you. If you’ve found the right vehicle to upgrade your Ocala commutes and adventures, be sure to take advantage of our new vehicle specials!
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