Can You Trade In a Car with a Loan?
Friday, August 2nd, 2024It could be that you live in a harsh climate and need an SUV with all-wheel drive. Maybe you need better fuel economy to lower your commuting costs. Or perhaps your current vehicle costs too much to insure, and you want something more frugal.
But whatever your reason for trading in a vehicle with a loan installment loans Victoria MS, how soon can you trade in a financed car? Let’s look at financing and how to trade in a car with a loan.
The basics of vehicle financing
Car loans help make a vehicle purchase manageable by taking a large transaction and breaking it into smaller pieces. Instead of one sizable upfront cost, financing lets you pay with a series of monthly payments.
Though buying a vehicle outright is possible, most customers decide to finance and keep extra money around for other essential obligations. (more…)
