Get Directions

6750 Dixie Hwy, Clarkston, MI, 48346

Can You Trade-In a Financed Car?

2021 Chevy Silverado 1500 Lineup

Can you trade in a financed car even if you haven’t finished paying off your loan? Yes, it’s possible to trade in your financed vehicle at a Clarkston-area Chevrolet dealership. So how does trading in a financed car work? The remaining balance on your old loan will be rolled into a new loan. If the balance is less than your vehicle’s trade-in value, that amount will be credited toward your car. Learn more about trading in a financed car with this from the Bowman Chevrolet finance center, and don’t hesitate to reach out for more car-buying tips from our team of auto finance experts!

How Does Trading in a Financed Car Work?

If the balance on your loan is more than your car’s value, can you trade in a financed car? You can, but your dealership must agree to pay off the remainder when they buy the vehicle from you. For example, let’s say you owe $9,000 on a vehicle that’s currently worth $8,000. The dealership may agree to purchase the car from you for $8,000 and add the remaining $1,000 to your new loan.

Can You Trade in a Financed Car for Lease?

You know that trading in a financed car is possible, but can you trade in a financed car for lease in the same way as a new financing loan? Yes, Waterford drivers can trade in a financed car for lease in much the same way. But keep in mind that whether you’re trading in a financed car for lease or loan, your dealership is much likelier to be on board if your loan is in good standing.

Rely on Bowman Chevrolet for Expert Auto Finance Advice

If you’re feeling unsure about the right path forward, we’re happy to help you navigate trading in a financed car. At Bowman Chevrolet, our goal is for you to drive home to Grand Blanc in a Chevy Bolt EV or Chevy Traverse that’s perfect for your family. See how much you can save with our current special offers, and stop by to visit us in Clarkston today!

More from Bowman Chevrolet

  • 2022 Chevy Blazer Price

      When you need a new SUV for your family in Clarkston, you can’t go wrong with a reliable brand like Chevrolet—and a model with a proven track record. With its high-tech interior, powerful engine options, and comprehensive safety suite, it’s no surprise that the new Chevy Blazer is a top pick for drivers like…

  • How Much Can a Chevy Trailblazer Tow?

      The new Chevy Trailblazer has a spacious interior and great performance for its class—and you’ll experience that as soon as you step inside and set off on your Clarkston commute. All that said, we think you’ll be even more impressed by how much the 2022 Chevrolet Trailblazer can tow! When properly equipped, the 2022…

  • What’s the Inside of the 2022 Chevy Trailblazer Like?

      Searching for a small SUV that’s big on character? Like last year’s model, the 2022 Chevy Trailblazer offers a roomy cabin and tons of user-friendly tech features—while still offering the tight handling you need to navigate crowded rush-hour streets in Clarkston.   Learn MoreNew Trailblazer Inventory   In this guide to the Chevy Trailblazer…

Bowman Chevrolet 42.72074, -83.4177.