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1557 Bald Hill Road, Warwick, RI, 02886

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Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 6:00 PM
  • Sat9:00 AM - 5:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 5:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 5:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
Service

Can You Trade in a Financed Car?

Handing over car keys

Can you trade in a financed car? The answer is yes! However, if the loan on your current vehicle is not completely paid off, you’ll have to pay off the balance — the loan doesn’t just disappear. If you’re making payments on your vehicle right now, read on to learn how to go about the trade-in process from the team at Mercedes-Benz of Warwick. Then, contact our finance department with questions about lease payments, rates, and prospective vehicle prices!



How Does Trading In a Financed Car Work?

Is the remainder of your loan less than the worth of the car? The dealer who buys your vehicle will give you enough credit to pay off the remaining amount of the loan. As an example, if you owe $8,000 on your vehicle and you’re offered $9,000 for it from the dealer, the loan can be paid off and the remaining $1,000 will be subtracted from the price of the new vehicle that you’re buying.

What Does “Rolling Over” a Loan Mean?

Rolling over a loan is when the dealer says that they’ll pay your old loan off regardless of how much is left to pay. Again, however, this does not mean that the amount owed just disappears. The amount owed from your old loan will get added to the new loan on the next car you purchase. So, you’ll be paying the amount owed on your old loan when you pay your new loan on your new car.

Visit Mercedes-Benz of Warwick Today!

Interested in trading in your current vehicle? After using our easy-to-use online car payment calculator, value your trade at our dealership! Additionally, if you have any questions, don’t hesitate to contact us!

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Learn More at Mercedes-Benz of Warwick

  • 2021 Mercedes-Benz GLE Configurations

    The 2021 Mercedes-Benz GLE is available as either an SUV or as a Coupe, and there are a total of eight different Mercedes-Benz GLE configurations. Each one comes with plenty of standard features and offers a variety of enticing upgrades. In fact, there’s a whole world of amenities and performance perks for Providence drivers to explore, so take a look at all the 2021 Mercedes-Benz GLE configurations below!

  • What’s Inside the 2021 Mercedes-Benz GLB Interior?

    The new GLB is the only compact 3rd-row Mercedes-Benz SUV. Whether you opt for the standard five-passenger configuration or upgrade with seating for seven, the 2021 Mercedes-Benz GLB interior comes full-to-bursting with luxurious standard features. What’s more, this compact SUV’s dimensions are sure to impress in any configuration! Explore amenities, seating, cargo space, and more…

  • What is the 2021 Mercedes-Benz GLC Price?

    If you live in Warwick and wonder about the Mercedes-Benz GLC price, you’ll first need to decide whether the SUV or the Coupe is best for you. The 2021 Mercedes-Benz GLC 300 SUV starts at $43,200 MSRP*, while the base-level 2021 Mercedes-Benz GLC 300 4MATIC® Coupe starts at $51,650* MSRP.

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(877) 361-2955

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1557 Bald Hill Road • Warwick, RI 02886

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Today's Hours:

Sales: Closed

Service: Closed

Parts: Closed

Mercedes-Benz of Warwick 41.697621, -71.4983052.