Another End of Options Contract Question

[dcbr]

Have you read this?: https://www.ford.com/finance/finance-options/ford-options/

Excuse my thickhead, but I read your link and it does clearly state: "Trade-in your vehicle to the dealer and apply the proceeds to your remaining balance. Any excess proceeds may be used as a down payment toward your new Ford or Lincoln."
But, it is silent to what happens if the trade-in value is less than the balloon payment. Will Ford still accept the trade as full payment of the balloon amount. If not, like AKgrampy mentioned, why would I not just return the car to Ford and buy the new vehicle?

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[macchiaz-o]

Excuse my thickhead, but I read your link and it does clearly state: "Trade-in your vehicle to the dealer and apply the proceeds to your remaining balance. Any excess proceeds may be used as a down payment toward your new Ford or Lincoln."
But, it is silent to what happens if the trade-in value is less than the balloon payment. Will Ford still accept the trade as full payment of the balloon amount. If not, like AKgrampy mentioned, why would I not just return the car to Ford and buy the new vehicle?

You can give the car back and forgo the last payment, if that's what works best for you. That's the 4th option shown at the top of that web page.