
Can you trade in a financed car? The answer is yes, absolutely! However, you should know that trading in a financed car doesn’t make the loan go away: You’ll still be on the hook for the remaining balance, even after you’ve turned the car into the dealership. Most dealerships, including those in the Auffenberg Dealer Group network, will offer you several paths forward. We’ve put together a short guide to your options, so you can come to the dealership feeling prepared.
Have questions about your payment? If the dealership “rolls over” your remaining loan balance onto a new loan, things can get a little complex! Take advantage of our car payment calculator or contact our team for assistance.
Now that you’ve answered the question, “Can you trade in a financed car?” you’re probably wondering how to reduce the potential threat of negative equity. If you think you might owe more on your financed vehicle than it’s worth, you’ll need to take steps to maximize the value of your trade-in:
The Auffenberg Dealer Group is more than happy to take a financed car off your hands, and the friendly faces on our finance team will help you move forward with a plan that fits your needs and budgets.
Don’t waste time with private sellers near East St. Louis and Lebanon. Come to the trade-in experts in O'Fallon and start a new adventure today. Since we offer a wide variety of used vehicles priced under $9,000, there’s no better place to look!
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In most states, you are required to have liability insurance on your vehicle. So what is liability insurance? Simply put, it provides bodily injury and property damage coverage to the other driver in the event of an accident where you are at fault. Find out what liability insurance will pay for if you’re in a…
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(618) 622-4517
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