How to Trade In a Car That Isn't Paid Off

One of the most common questions we hear at Salt Lake Mitsubishi is some version of this: "I still owe money on my car. Can I still trade it in?" The answer is yes, and it's actually one of the most common situations we work with. You don't have to wait until your loan is paid off to get into a new vehicle. But there are some things you should understand before you walk in so you're not caught off guard.
Here's a clear breakdown of how trading in a car with an existing loan works…



