• 2019 Kia Optima Performance Background

    Can You Trade In a Financed Car?

    Have you been financing a car near Grosse Pointe, but are looking for something new? If so, you may be wondering, “Can you trade in a financed car?” The short answer is yes, but you should know that the loan balance does not go away simply because it was traded in. You will still be responsible for paying off the balance of your loan. If this seems like a great option for you, learn more about how you can trade in a financed car at Jeffrey Kia today!

How Does Trading In a Financed Car Work?

If you’re interested in trading in a financed car, you’re probably wondering how does trading in a financed car work? Well, if your remaining loan balance is less than the worth of the vehicle, the dealer buying your vehicle will provide you with the money to pay off the loan. So, if you owe $7,000 on your car, and the dealer offers you $8,000 for it, your loan can be paid off and then transferred to the dealership buying the car. Then, the remaining $1,000 will be taken off the price of your trade-in vehicle.

What Does “Rolling Over” A Loan Mean?

If you like to keep all of your finances together you can also “roll over” your loan to the dealership. But, while this seems like an even greater option, you should be aware that the price gets added to your new loan on the next car you buy. This means that you’ll not only have to pay back your new vehicle loan, but also the dealership for covering the balance of your previous car loan.

Visit Jeffrey Kia Today!

If you’re looking to trade in a financed car for lease or get behind the wheel of a new Kia, you can always reach out to dedicated finance department who will help you get started on the car buying process and find a plan that works for you. Contact us today!

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(800) 362-4259

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30800 Gratiot Ave • Roseville, MI 48066

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Jeffrey Kia

30800 Gratiot Ave Roseville, MI

Phone: (800) 362-4259

https://goo.gl/maps/1A1bjk6bY482

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Phone: (800) 920-8791

30800 Gratiot Ave Roseville, MI

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Phone: (800) 362-4259

30800 Gratiot Ave Roseville, MI

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Phone: (800) 856-2140

30800 Gratiot Ave Roseville, MI
42.52294 -82.9182811
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Jeffrey Kia
Jeffrey Kia
webleads@jeffreyauto.com
30800 Gratiot Ave
Roseville, MI, 48066 United States
(800) 362-4259
https://www.jeffreykia.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Jeffrey Kia 42.52294, -82.9182811.