Can You Trade In a Financed Car?

A 2020 Jaguar F-PACE taking a corner on a road with a lake in the background

If you want to upgrade your financed car in the Chester Springs, you might be wondering what options you can explore – and just how much lengthy paperwork is involved. But at Jaguar West Chester, we’re here to break down the process of trading in a financed car. From rolling over loans to budgeting for your next model, allow us to walk you through the steps:

How Does Trading in a Financed Car Work?

First, consider your remaining balance on the financed car. If your remaining balance is less than the value of your new car, our dealership will help you pay off the rest of the loan. For example, if you owe $8,000 and we offer $9,000, we can easily complete the transaction. The loan will be paid off, the car will be transferred to us, and the remaining $1,000 will be taken off the price of your brand new F-PACE or XE!

What is “Rolling Over” a Loan?

Have you heard of Newtown Square drivers mention “rolling over” a loan at the dealership? This process involves adding the remaining balance of your loan onto the price of your new vehicle. In one transaction, you will pay back the dealership for your old loan while paying off the new loan as well.

How Do I Start Trading In a Financed Car?

If you’re ready to trade in a financed car for lease, start planning for your visit to Jaguar West Chester by utilizing our free financial planning tools:

Visit Jaguar West Chester for Custom Financial Advice

If you are in the Aston area, visit our financing experts at Jaguar West Chester to find out what you can do to secure that dream car. We’re located in West Chester and our team is ready to help you through the steps of trading in a financed car. Contact us for more information!

Jaguar West Chester 39.90374083214559, -75.56686743249566.