Trading in a financed car can be a very simple process, but you’ll still have to pay off the balance on your current loan. This could be a simple and easy process when it comes time for your upgrade, but the team at Springfield Mitsubishi - Reading gets into the details below. Learn more about how to trade in a financed car for a lease or new model when you have a remaining loan balance. The Mitsubishi finance center is here to help answer your questions, and is always available to chat about car loans and interest rates, selling a car, leasing a car, credit scores, and more in the Pottstown-area.
When you roll over a loan, a dealership says they will pay off your old loan no matter how much you owe. In reality, that cost is put onto the loan of your next vehicle, so you pay the dealership back for the old loan at the same time that you pay off the loan on your new vehicle.
In the case that you want to trade in a financed car for a lease, you’ll still be responsible for paying off your car loan. Dealerships can often work this into your lease costs, similar to rolling over a loan on your Lancaster model.
When you are ready to trade in your financed car in Allentown, take the time to explore our new vehicle specials in Reading. Our team can provide additional car buying tips and suggestions for financing your next model whenever you are ready.
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610-994-2667
Call Now3814 Pottsville Pike • Reading, PA 19605
Get DirectionsOpen Today! Sales: 9am-8pm
Open Today! Service: 7:30am-5pm
Open Today! Parts: 7:30am-5pm