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Trading in a financed car is a simple process. If you’re considering trading up near Delray Beach, trade in your car at Land Rover Palm Beach. We’ll offer you market value for your vehicle, and even provide you with a comprehensive report of market trends, so you know you’ve gotten every penny that your vehicle is worth. But first, how does trading in a financed car work? Take a moment to find out. Then, value your trade using our used car trade-in value estimator to get an idea of what your vehicle is worth, and contact Land Rover Palm Beach to take the next step!
Now that you know that you can trade in a financed car, let’s walk through the steps of trading in a financed car.
Rolling over a loan is exactly what it sounds like: your remaining loan balance gets transferred over and added to your new loan. In other words, just because you trade in a car with an existing loan doesn’t mean your obligation to pay off that loan goes away. Whatever is left gets added to your new loan, and you then pay back the dealership for the old loan while at the same time you also then pay off the loan on your new vehicle.
So, now that you know that you can trade in a financed car, and you have a general idea about the steps of the process, if you have further questions about trading in a financed car, give Land Rover Palm Beach a call at (561) 209-7000! In the meantime, take a moment to explore our car buying tips for other helpful reads, including our online car shopping guide and more! We look forward to helping our Wellington neighbors secure an excellent offer on their used car trade-ins!
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