Three Strategies to Replace Your Vehicle Even if it Isn’t Paid Yet
May 29 2025, 360.Agency
Replacing your car while still having ongoing payments can seem complex, but there are effective solutions to facilitate this transition. With the expertise of Ford Fleet Pro, you can find financing options tailored to your situation, even if your credit is not perfect. Here are three strategies we offer to help you manage this change without stress.
Buyout Options
- Buying Out Your Current Vehicle: One of the most direct methods is buying out your vehicle. At Ford Fleet Pro, we assess the value of your current car and apply this value to your remaining balance. If your car's value exceeds what you owe, you can use the difference as a down payment for your new vehicle. If your car is worth less, we can include the difference in your new loan. Our team will ensure your new payments remain affordable.
Loan Refinancing
- Reducing Your Monthly Payments: If you want to keep your current vehicle but reduce your monthly payments, refinancing is a viable option. Ford Fleet Pro can help you secure a lower interest rate or extend the term of your current loan, which will decrease your monthly payments. This solution offers more financial flexibility and can free up short-term cash. If your credit situation has improved since your initial loan, you could benefit from much more favorable loan terms.
Specialized Financing Programs
- Credit Support and Specialized Loans: For those who need a second chance in terms of credit, Ford Fleet Pro offers specialized financing programs. If you are facing negative equity on your vehicle or need help managing your loan while seeking a new vehicle, our programs are designed for you. We offer innovative solutions that consider your unique financial situation, including options to absorb part of the negative equity or provide cash rebates to manage existing loans.
Replacing your vehicle even if you still have ongoing payments is not insurmountable. With Ford Fleet Pro's expertise in financing solutions and our commitment to providing personalized support, you can approach this transition with confidence. Contact us today to discover your options and move towards your new vehicle with peace of mind.
