Humble often want to know, “Can you trade in a financed car?” The answer is yes! However, keep in mind that trading your car in does not mean that you’re no longer obligated to pay the remaining loan balance; you will still have to pay that remaining amount. Read on to find out how trading in a financed car works with Humble Hyundai finance center experts. Then, be sure to contact us if you have additional questions about how to trade in a car.
When you think it’s time to upgrade your Houston commute by trading a financed car, follow these steps:
When your loan gets “rolled over,” the dealership will pay off the old loan no matter how much you owe. However, this does not mean that you’re no longer responsible for that amount. Rather, the balance of the old loan will get rolled into the new loan, meaning that you’ll be paying the dealership back for both loans at the same time.
Now that you know the ins and outs of trading in a financed car, when you’re ready to secure the keys to a new ride, rely on Humble Hyundai to help you make it happen. Also, be sure to check out our new vehicle specials to get an even better deal on your new Hyundai.
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