With Black Friday fast approaching, it’s only fair that our dealers at Jake Sweeney Kia offer the same kind of deals for our Cincinnati area customers. We want you to get the most out of your next vehicle purchase, which is why we want to tell you all about how to trade in your old vehicle at Jake Sweeney Kia. Whether you’re looking to lease or purchase a used or new Kia model, a well-valued trade-in is great for you and us.
To begin, you need to take your vehicle’s information to our Kia financing specialists to value your trade. From there, we can determine how much you’ll get to add to your down payment based on your vehicle’s value and whether you’re still making payments on it. If payments are still being made, the remainder of your auto loan will be charged against the value of your trade-in. Then, the remainder left over will be added to your down payment.
However, there is a problem that sometimes occurs when the value of your vehicle is less than what you still owe on your loan. Known as being “upside down” on your loan, experiencing the negative value of your loan could end up raising the loan of the vehicle you’re buying without also increasing the value. We’ll let you know if this applies to you so you can finish paying off your loan before you try to trade your vehicle in.
No matter what your current budget or driving needs are, we’ll help you every step of the way at our Kia dealership in Florence, KY. Come in today to find out what we can do for you!