Can I trade in my car before the loan is finished?

If you choose to take out a car loan with us, you always have the option of trading in the car before the loan is finished. This is because all of our loans are open loans, which means you do not pay penalties for ending the loan early, either for paying it off or for trading the car in for a new one.

However, whatever outstanding balance you have on the loan will still have to be paid off. Usually this amount is added on to the sale of the new car you are buying, though there are some restrictions.