It’s very common for motorists to trade within their financed cars in Canada. In reality many dealerships, Birchwood Credit Solutions included, do not have issue trading in an automobile that isn’t paid down yet. However it’s crucial you recognize the way the trade-in procedure works as an option for you before you consider it.
There’s a myth as it pertains to exchanging in cars if We haven’t completed spending it off. That individuals often hear — “Once I trade in my own automobile, the mortgage will disappear even” this can be false therefore the remaining stability must continually be repaid. (suite…)