{"id":44204,"date":"2022-07-26T11:22:45","date_gmt":"2022-07-26T11:22:45","guid":{"rendered":" https:\/\/dev.way.com\/blog\/?p=44204"},"modified":"2022-07-26T11:46:39","modified_gmt":"2022-07-26T11:46:39","slug":"can-you-trade-in-a-financed-car","status":"publish","type":"post","link":"https:\/\/dev.way.com\/journal\/can-you-trade-in-a-financed-car\/","title":{"rendered":"Can You Trade In A Financed Car? Here’s Everything You Need To Know"},"content":{"rendered":"
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You may want to trade in your car for a newer or cheaper model. But a doubt most people have is whether they can trade in a financed car i.e., one that has a pending loan amount to be paid. The answer is yes – and we break down how to do that in this post.<\/span><\/i>\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Even if the current trend among Americans is to <\/span>hold onto a car for a long time<\/span><\/a> (averaging 11 years), there are still many folks who see trading in their vehicle as a viable option. This is especially the case if they are <\/span>stuck in a bad car loan<\/span><\/a> with expensive loan payments which they can’t afford. However, will a dealership buy a partially paid off car, and what exactly is the process of trading in a financed car?<\/span>\u00a0<\/span><\/p>\n<\/div>\n

TL;DR<\/span><\/span><\/strong>:<\/strong> Yes, you can trade-in a financed car – but things can get a bit complicated if you owe more than what the car is worth.<\/span><\/span>\u00a0<\/span><\/em><\/p><\/blockquote>\n

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