Can You Trade In a Financed Car?

Car dealer giving car key to buyer


Yes! You can certainly trade in a financed car, however, you will still be responsible for paying off the balance of the loan. At our Acura finance center, we can walk you through the steps of trading in your financed car that still has a loan balance. We can help customers in East Baton Rouge answer any questions about leasing, financing, interest rates, and your credit score.

How to Trade In a Financed Car

  1. First, you should check to see how much is left to pay on your current loan. You can often view the balance of your monthly statement.
  2. We have an intuitive Value Your Trade tool similar to Kelly Blue Book that carefully estimates the value of your vehicle based on mileage and condition. However, the final price won’t be given until it’s inspected at our dealership.
  3. If you owe less on your loan than we offer for trade-in, you can put the extra money towards a new vehicle. For example: If you own $3,000 on your vehicle in Ascension, and we value the vehicle at $4,000, you can put the extra thousand toward your new car.
  4. 4. If you own more on the loan than your car is worth, you will be responsible for paying off the remaining balance. However, the dealership will often roll over the balance and add it to your next loan. In this case, the dealer pays off the remainder of the loan, and then you pay the dealership back when it’s added to the new loan.

What Is “Rolling Over” A Loan?

Rolling over a loan is when the dealership pays the remaining balance of your existing car loan, and adds what they paid to your new loan. So, in this case, you would be paying off the bank for your new car, and the dealership for paying your existing loan.

Come Visit Acura of Baton Rouge for Your Next Vehicle

Now that you know how to trade in a financed car, you can make an informed decision and weigh all your options. If you want to trade in your financed vehicle at Acura, we’ll be sure to provide the best price possible. Come check out our new vehicle specials in Baton Rouge, and consult our professionals in Livingston for more information on car buying. You can even apply online for financing before even stepping into our dealership. For more information, feel free to contact us today! Explore more helpful finance tips when you check out our guide on how to sell your car to our dealership to save more on your next purchase.


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13550 Airline Hwy • Baton Rouge, LA 70817

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Acura of Baton Rouge 30.3731452, -91.0337258.