Buy from home today in 5 easy steps
- Select your vehicle
- Let us know who you are
- Value your trade
- Select payment options
- Tell us where you want to take delivery
Holidays 10am-5pm.
Monday – Friday: 8:30AM – 7:00PM
Saturday: 9:00AM – 6:00PM
Sunday: Closed
Remote Sales Open 24/7
Monday – Friday: 7:00AM – 5:30PM
Saturday: 8:00AM – 5:00PM
Sunday: Special Hours 10am-5pm, on selected dates. See Dealer
Monday – Friday: 7:00AM – 5:30PM
Saturday: 8:00AM – 5:00PM
Sunday: Closed
Monday – Friday: 8:00AM – 5:30PM
Saturday – Sunday: Closed
Monday – Friday: 7:00AM – 6:00PM
Saturday: 8:00AM – 5:00PM
Sunday: Closed
If you’re looking to trade your current vehicle for cash even if it isn’t paid off, then you’re probably wondering if you can trade in a financed car. Not only can you trade in a financed car, but you can do so easily and get the best deal when you trade in your vehicle at Toyota of Santa Fe! How does trading in a financed car work? Learn how the process works with our finance center, then make the drive to our Santa Fe dealership, so we can make you an offer on your car.
Trading in a financed car works just like trading in a car that’s paid off. The biggest thing you’ll have to keep in mind is that the remaining balance doesn’t simply go away once you trade in your car. With that in mind, here is how trading in a financed car works:
So, can you trade in a financed car? You can, but if your car has negative equity, then the dealership will perform what’s called a “rollover.”
As mentioned previously, trading in a financed car doesn’t mean that the remaining loan balance goes away. If you have negative equity on your current car, then a rollover will be performed. This is when the loan balance amount is added to the price of the loan for your new car. So, you’ll pay off the loan of a new car plus the existing loan remainder of your old car.
Now that you know how trading in a financed car works, bring your vehicle to our dealership in Santa Fe for a great same-day cash offer. Contact us with any questions on the trade-in process, and let us help you get more out of your trade.
The Tacoma is popular in Santa Fe, and for good reason. It’s a versatile pickup that looks fantastic. But is it economical to drive? The Toyota Tacoma mpg can be as high as 20 in the city and 24 on the highway. Let’s take a closer look at the Toyota Tacoma fuel economy, including the Tacoma…
The Toyota Tundra heads into 2023 with new upgrade options and a burly lineup of engines that can handle just about anything. Still, if you’re looking to invest in a capable new truck, you also want to know if the cabin can keep you comfortable on the road as well as on the job. New…
Are you in the market for a vehicle that’s great for both hosting your school carpool and towing your jet skis? Then you’ll be glad to hear about the 2023 Toyota 4Runner towing capacity. How much can the 4Runner tow? This rugged vehicle can tow up to 5,000 pounds when properly equipped. We dive…