If you’re ready to trade in your current car for a new vehicle but you still owe money on the auto loan, you may be wondering if you can trade in a financed car. At most dealerships, you don’t have to fully pay off your auto loan before getting a new car, but the loan doesn’t just go away. Find out more about trading in a car that still has a loan balance with your local authorized BMW finance center, and find out how to trade in a car in Pekin or Decatur.
Rolling over a loan means that the dealership will “pay off” the remainder of the loan amount on your existing vehicle, but the money owed doesn’t actually disappear. The old loan gets “rolled over” into the auto loan for your new vehicle, and it’ll be worked into your loan payment plan.
Are you ready to trade in a financed car for lease or for purchase in Normal? Before you take a test drive at BMW of Bloomington, be sure to check out our current new vehicle specials. We buy used cars here at BMW of Bloomington and you can get the best deal possible when you sell or trade in your vehicle at our dealership. You can also rely on BMW of Bloomington for more car buying tips, and when you’ve decided which vehicle you want, apply for financing online to get the process started!
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