Oct. 30, 2024

Can You Trade In a Financed Car?

Can you trade in a financed car? How does trading in a financed car work? We can answer all your financing questions and more at Cactus Jack's Auto.

Finance FAQs

Are you tired of your current model and want to trade it in for a new-to-you vehicle? You don’t have to wait to complete financing! Simply bring your current model into Cactus Jack's Auto and pay off the current loan balance to swap it out for one of our vehicles. Contact us to consult a member of our finance team about all your financing and leasing options available to Mesa.

How Does Trading In a Financed Car Work?

Consult your monthly statement to determine the remaining balance on your car loan.
Use our value your trade tool to determine how much you’ll get for your car after you pay off your existing loan.
If the existing balance on your loan is less than the trade-in value, then you can put the amount you get from your trade-in towards financing your new .

What Does “Rolling Over” A Loan Mean?

“Rolling over” means the dealership will pay off your existing car loan in full so you can begin financing again. However, the dealership will add the amount of your current loan to your new plan, which means you will still have to pay off both loans over time.

How to Trade-In a Financed Car for Lease

Trading in a financed car for lease works similarly to how you would refinance a financed car. Pay off your current loan balance and then you’re free to start a leasing agreement through Cactus Jack's Auto.

Visit Cactus Jack's Auto to Find a New

Are you interested in trading in your financed car or wondering, “How to trade in your financed car for lease?” Cactus Jack's Auto can help. Our finance center is conveniently located near Surprise and Glendale.

We value all our customers and are happy to assist you with all your car buying needs. Use our payment calculator to help devise a budget that works for you, and speak with a member of our finance team to learn more about financing and lease deals available to you.

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Lateah Holland

Lizabeth was amazing. I came from a different dealership where I was declined but she was able to approve me for the same car just a different year but everything was fast and seamless. Come see Lizabeth at cactus jack mesa

Lateah Holland

crystal leach

First visit to Cactus Jacks, and Bob was knowledgeable and friendly. Found exactly what I wanted. Extremely satisfied. You've earned a lifetime customer. Thank you!

Da Public Speaka

They did a great job getting me a car. The service was quick and they have a nice selection. Ask for Liz, she will take care of you and she's fine.

Sarah Adler

We went to see Liz and were not disappointed. She and her manager Dan did all they could to help us get a car that was within our budget and great mechanical condition. Thank you

XaVion “Mac'aRoni Tony” Mac

I worked with Lizbeth Vargas and got the vehicle I wanted. She worked with me and even stayed late to make sure I got the vehicle I wanted. Thank you Lizbeth and Cactus Jack.

Teanna McQuinn

Lizbeth was helpful, patient, and thorough, ensuring we found a budget-friendly 3rd row car. I recommend booking an appointment with her!

Shawn Boe

Bob swiftly assisted me with my conundrum and made me feel like I was chatting with a friend. In and out in no time—thanks again!

Alicia Sotelo

Lizbeth was a great salesperson at Cactus Jack. Fast and easy loan process. Love it. Thank you, Lisbeth! ❤️😍

Jared Gilbert

Lizbeth Vargas was awesome... Got me through the process in no time thank you ,, amazing

Alexa Torres

Ask for lizebeth . She was very helpful she speaks Spanish and explains very good