The short answer is yes! Trading in a financed car is a viable option for many Providence drivers as long as you remember that your loan doesn’t go away after you trade in your vehicle. The team at INFINITI of Warwick’s finance center has put together a guide on how to trade in a financed car for lease, including the various options you can take depending on your remaining loan balance.
When you roll over a loan, the dealership pays off the remaining balance on your old loan regardless of the amount. However, they add the balance to your new vehicle’s loan – so you’re on the hook to pay the new loan amount and the old loan combined. This is a realistic option for plenty of Coventry drivers, but you should carefully consider your financial situation before making any commitments.
Whether you’re looking to trade in a financed car for lease or check out a new vehicle, INFINITI of Warwick is here to help! You can contact our office anytime with questions or for more information about the financing process. We also have new vehicle specials updated all the time if you’re looking to save on your next INFINITI, and we have plenty of other car buying tips, including advice on leasing, financing, and more.
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