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Yes, you can trade in a financed car! However, just because you trade in the vehicle, the balance on your loan does not go away. You are still responsible for that balance. Courtesy Acura has the details on trading in a car that still has a loan balance. You can contact our finance center with any questions about car loans and interest rates, selling a car, leasing a car, credit scores, and more in Denver.
Rolling over a loan is when a dealership says they will pay off your old loan no matter how much you owe. This does not mean you aren’t responsible for that loan. What is does mean is the price gets added to your new loan on the next car you buy. You end up paying back the dealership for the previous loan while paying off the new loan at the same time.
When you’re ready to trade in a financed car or to get behind the wheel of a new Acura, make the trip to Courtesy Acura! Remember to take a look at our new vehicle specials in Littleton so you can save on your next vehicle. You can even check out other helpful features like leasing a car with bad credit. We want to make the car shopping process as hassle-free as possible. Contact us today if you have any questions.
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