Absolutely. You can trade a car and lease a new car. You’ll get credit for its value just as you would for a car purchase. Your trade-in credit acts as a down payment and reduces your monthly lease payment. If you still owe money on the car, the dealer will pay off your old loan as part of the trade deal. However, if you still owe more than your car is worth, it gets more complicated. See Trade Car – How it Works for more details.

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