Title: Dealerships That Will Pay Off Your Trade No Matter What You Owe in Michigan
One of the biggest obstacles that prevent many people from purchasing a new vehicle is an existing car loan balance. However, there are several dealerships in Michigan that offer a unique solution to this problem – they will pay off your trade-in, regardless of the remaining loan balance. This article will explore some of the dealerships in Michigan that provide this service, along with frequently asked questions to help you understand the process better.
Dealerships That Pay Off Your Trade No Matter What You Owe:
1. Suburban Ford of Waterford:
Located in Waterford, Michigan, Suburban Ford offers a trade-in program that promises to pay off the outstanding loan balance on your trade-in vehicle. With a reputation for excellent customer service and a wide selection of vehicles, this dealership is a popular choice for many Michigan residents looking to upgrade their vehicles.
2. LaFontaine Automotive Group:
LaFontaine Automotive Group is a well-known dealership in Michigan with multiple locations throughout the state. They have a unique program called the “Trade Assist Program,” designed to help customers trade-in their vehicles regardless of their outstanding loan balance. The dealership’s team of experts will work with you to find the best possible solution for your trade-in.
3. Golling Chrysler Dodge Jeep Ram of Roseville:
Golling Chrysler Dodge Jeep Ram is located in Roseville, Michigan, and offers a “Trade-In Assistance Program” that ensures they will pay off your trade-in, no matter the remaining loan balance. This dealership has a large inventory of new and used vehicles, making it a convenient choice for Michigan residents.
4. Szott M-59 Toyota:
Located in Waterford, Michigan, Szott M-59 Toyota has a unique program called the “Trade-In Guarantee” that promises to pay off your trade-in vehicle, regardless of the outstanding loan balance. They have a vast selection of new and used vehicles, ensuring you’ll find the perfect fit for your needs.
Frequently Asked Questions (FAQs):
Q1: How does the trade-in process work?
A: The trade-in process involves assessing the value of your current vehicle, deducting that value from the purchase price of the new vehicle, and determining the remaining loan balance. Dealerships that pay off your trade, regardless of your outstanding loan balance, will cover the difference.
Q2: What criteria do dealerships consider when determining your trade-in value?
A: Dealerships consider factors such as the vehicle’s make, model, year, mileage, condition, and market demand to determine its trade-in value.
Q3: Are there any eligibility requirements to qualify for these programs?
A: While eligibility requirements can vary between dealerships, generally, you must have a valid driver’s license, proof of insurance, and be the owner of the vehicle you wish to trade-in. Additionally, some dealerships may require you to purchase a vehicle from their inventory.
Q4: Will I receive the full trade-in value if my loan balance exceeds the vehicle’s worth?
A: In most cases, dealerships will pay off your trade-in vehicle’s remaining loan balance, even if it exceeds its value. However, any negative equity will be rolled into your new loan, which could impact your monthly payments.
Q5: Can I trade-in a vehicle that has a lien or is financed?
A: Yes, most dealerships that offer this program will accept trade-ins with an outstanding loan or lien. They will handle the payoff process, ensuring a smooth transition for you.
If you’re in Michigan and looking to purchase a new vehicle while still having an outstanding loan balance on your trade-in, several dealerships are willing to help. Suburban Ford of Waterford, LaFontaine Automotive Group, Golling Chrysler Dodge Jeep Ram of Roseville, and Szott M-59 Toyota are just a few of the dealerships that offer trade-in programs where they will pay off your old loan, no matter what you owe. It’s essential to understand the trade-in process and eligibility requirements to make an informed decision. Visit these dealerships and explore their unique programs to find the best solution for your automotive needs.