Can You Trade in a Financed Car?

How Does Trading In a Financed Car Work?
When you are ready to trade in your car in West Palm Beach, assess how much your car is worth with a value estimating tool. If you owe less on your auto loan than the estimated value of your vehicle, selling your used vehicle to the dealer means you can use the money from the sale to pay off the loan and have a little left over to go towards your next vehicle purchase.
What Does “Rolling Over” A Loan Mean?
Rolling over a loan means that a dealership “pays off” your loan on the vehicle you are selling to them. But the loan doesn’t truly go away–the cost gets added onto your loan for the next car you purchase at that dealership. Essentially, if you want to trade up right now but can’t pay off the balance of your loan in one chunk, rolling over a loan to your next car means you are paying for a past loan and a current loan at the same time.
Visit Earl Stewart Toyota Today!
If you are ready for your next car in Palm Beach Gardens, use our handy payment calculator to estimate what your monthly payments might be. Our finance team is standing by to help you with your next vehicle purchase of a new or used vehicle. Contact us for a test drive today!
Learn More at Earl Stewart Toyota
How Many Miles Per Gallon Does the 2022 Toyota Camry Get?
Last year, Palm Beach County drivers fell in love with the Toyota Camry MPG ratings and performance specs. This year, the 2022 Toyota Camry doubles down on what makes this mid-size sedan one of the most popular models in the West Palm Beach-area. You can find a brand-new hybrid trim level, optimized performance features, and a state-of-the-art engine…
What’s Inside the 2022 Toyota Tacoma Interior?
The Toyota Tacoma delivers powerful performance specs, cutting-edge technology systems, and a fashionable design. Even though there’s plenty to love about the exterior hull, there’s more to this new Toyota truck than meets the eye. This year’s Toyota Tacoma dimensions and bed sizes provide you with the space you need for yourself, your family,…
What’s Inside the 2022 Toyota 4Runner Interior?
Looking for a new Toyota vehicle that offers superior off-roading capabilities and the reliability you’ve come to expect from the brand? The Toyota 4Runner is the perfect SUV for your Lake Park excursions. The Toyota 4Runner is a great choice to upgrade your Palm Beach Gardens commute thanks to its strong exterior design and performance-enhancing features. However,…
0 comment(s) so far on Can You Trade in a Financed Car?