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1501 Alpharetta Highway, Alpharetta, GA, 30009

Get Directions  Map depicting surroundiing area of United BMW

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 6:00 PM
  • Sun12:00 PM - 5:00 PM
    (Open the Last Sunday of the Month Only)
Service Hours:
  • Mon - Fri7:30 AM - 6:30 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed

Can You Trade in a Financed Car?

Happy Man In Car

“I want to trade in my car for a BMW, but I haven’t paid it off, yet. How does trading in a financed car work?”

If you’ve been asking that, you’ve come to the right place. We’ve helped lots of Marietta customers just like you who needed to trade in their financed vehicles. We’ll explain how it works below. What about leasing? Can you trade in a financed car for a lease? We’ll answer that, too.

How Does Trading in a Financed Car Work?

Suppose you still owe $6,000 on your old car, but it is worth $7,000. The dealer will simply take your car, pay off your loan, and apply the $1,000 of equity you have in your old car toward paying for your new car. But, can you trade in a car if you owe more than what it’s worth?

How Does Trading in a Financed Car Work if You Owe More Than it’s Worth?

Maybe you’re thinking, “What if I owe more than what my car is worth? Can I still trade in my car for a BMW?” You can do one of two things: pay off the loan before you buy the new car or get the new lender to agree to pay off your loan and roll the negative equity on to your new loan. So, for example, you owe $7,000 on your old car, but it’s only worth $6,000. You’ll either pay the $1,000 difference to the dealer, or the dealer will add $1,000 to your new loan.

Can You Trade in a Financed Car for a Lease?

Can you trade in a financed car for a lease? Yes, we’ve helped many of our Johns Creek customers to do just that. Normally, the dealer takes over your loan and applies your positive equity to the down payment on the lease. If you owe more than what the car is worth, that negative equity can be added to your lease, increasing your payments.

Bring Your Trade to United BMW of Alpharetta

Whatever your financing situation is, just bring your trade to United BMW and say, “I want to trade in my car for a BMW.” We’ll be happy to help. You can get started right now by valuing your trade online. We’re just a short drive away from Milton, so drop by or contact us today!


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United BMW 34.0671538, -84.3177635.