A customer's trade-in vehicle on a financed deal may be sold under what condition?

The condition that a customer's trade-in vehicle on a financed deal may be sold is primarily tied to the approval of financing. When financing has been approved, it indicates that the lender is willing to take on the risk of the loan and has agreed to the terms based on the customer's financial standing. This approval is crucial because it ensures that the dealership can complete the transaction without complications that might arise from incomplete financing arrangements.

In a financed deal, the trade-in vehicle often acts as equity toward the purchase of the new vehicle. Without approved financing, the dealership may not have the assurance that the deal will close, making it inappropriate to sell the customer's trade-in until that aspect is secured. Once financing is confirmed, it allows all parties to move forward confidently with the sale, including the disposition of the trade-in vehicle.