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You sure can trade in a financed car near Middletown! Just remember that the loan on the car you trade won’t go away — you have to pay off the balance, but there are several ways to do so. Just as the finance department at Old Saybrook Chrysler Dodge Jeep RAM helped you learn how to trade in a car, they’re here to help you learn all about trading in a financed car.
The main difference in trading in a financed car in New London compared to trading in a car you own outright involves taking care of the outstanding auto loan. Here’s how it works:
When you roll over a loan, it means the lender for your new auto loan will add what you owe from your old auto loan to the new one. Obviously, this isn’t ideal, because you’re essentially going to be paying for two cars at the same time. But in the event that purchasing a new car is necessary — if your family has outgrown your vehicle, for example — a roll over loan might be necessary.
Whether you’ve paid off your current vehicle or not, but need a new car, check the excellent inventory at Old Saybrook Chrysler Dodge Jeep RAM, then apply for financing with our finance department. No matter your financial situation, we’re here to help with your questions about used vehicles and insurance, and more!
It’s been a long wait for the return of the Jeep Wagoneer to Middletown streets, but it’s finally on its way, and it’s pulling out all the stops! The Jeep Wagoneer towing capacity reaches a whopping 10,000 pounds, while the Jeep Grand Wagoneer towing capacity goes all the way to 9,850 pounds, making them both…
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