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Gretna car shoppers who drive vehicles with an outstanding lien often wonder, “can you trade in a financed car for a lease or new loan?”. The answer to this question, in many cases, is yes! Still, just because you trade in a financed car doesn’t necessarily mean your loan obligation will be expunged.
Sometimes, you can trade in a financed car and have the loan balanced rolled into a new one. In other cases, you’ll be responsible for paying it off separately. In the best scenarios, if your vehicle value is more than your loan, you could collect some cash. Learn the answer to the question “how does trading in a financed car work?” or contact us to start exploring your options!
When you want to trade in a financed car in Gretna or Marrero, there are several important things you should do. Here’s a list that makes taking care of them all just a little bit easier:
As you’ve probably been able to tell by reading the above comment, rolling over a loan is when a dealership pays off your old loan no matter how much you owe. However, what really often happens is they pay it off and the old balance is added on to your new loan. In other words, you’ll still be responsible for the loan, in essence. That’s why it’s most financially prudent to buy a new car once your old one is paid off, or choose leasing instead if you like to upgrade cars frequently.
Ready to trade-in your old vehicle for something newer in Marrero or Belle Chasse? Browse our new inventory and then contact our finance department for additional car buying and trading tips.
Looking for a colorful and capacious new compact SUV around Harvey or Gretna? There’s hardly a better option than the 2021 Chevrolet Equinox! With tons of space and interior colors to choose from, the 2021 Chevy Equinox should be on the very top of your SUV shortlist. Learn more about the Chevrolet Equinox interior below…
Lots of people buy things based on recommendations from friends or family. But what if you don’t know anyone with a three-row crossover, or more specifically, a Chevy Traverse, but nevertheless, are interested in learning more about this Chevy midsize SUV? It’s time to consider what the experts have to say! Hence, our 2021 Chevrolet…
There are four unique 2021 Chevy Equinox trim levels, and each one offers more amazing features than the next! So if you’ve been wondering which of the Chevy Equinox trims best meets your Gretna needs, wonder no more. Just read Leson Chevrolet Company, Inc.’s handy guide to the 2021 Equinox trims & prices below. Still have lingering questions…