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Can I finance a car if I have a trade-in?

Yes — your trade-in can reduce your loan amount and make financing even easier.

Absolutely — if you’re financing your next car, your trade-in can help lower the amount you need to borrow. In fact, combining a trade-in with finance is one of the most common ways customers buy with CarPlace.

Here’s how it works:

  1. We’ll give you a fair, data-backed valuation for your trade-in

  2. That value is applied as a deposit or partial payment on your next car

  3. Your loan amount is adjusted based on the remaining balance

If your trade-in is worth more than your new car? Great — we’ll pay you the difference. If it’s worth less? We’ll help you finance the rest.

And if your trade-in still has finance owing, we’ll take care of that too (see: Can I trade in a car that’s still under finance?).

Questions about finance options? Just reach out — our team is here to guide you through it.