Can You Trade In a Financed Car?

Woman in Newly Purchased 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.

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?

  1. Consult your monthly statement to determine the remaining balance on your car loan.
  2. Use ourvalue your trade tool to determine how much you’ll get for your car after you pay off your existing loan.
  3. 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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(602) 443-5225

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2440 W Camelback • Phoenix, AZ 85015

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Open Today! Sales: 9am-6pm

Cactus Jack's Auto 33.5101018, -112.1115231.