How to Trade In a Car That is Not Paid Off

Maybe you’re ready to move on to your next new vehicle, but you haven’t paid off your current car. Can you trade in a car when you still owe money on it? Of course! We help Lenoir City drivers every day to understand how to trade in a car that is not paid off. The experts in our finance center are here to help, so let’s talk about how to trade in a car you still owe on.

How to Trade in a Car You Still Owe On – Negative Equity

Knoxville drivers sometimes find themselves owing more on a car than what it is worth. Can you still trade your car in if this is your situation? Yes! You have a couple of options:

How to Trade in a Car That is Not Paid Off When You Owe More Than It’s Worth

• We can add the difference between your trade’s value and what you still owe on it to the amount of your loan for your new car.
• You can also pay that difference to the lender before buying your next car.

How to Trade in a Car You Still Owe On – Positive Equity

Oak Ridge drivers who owe less on their car than what it’s worth are in a great position financially to trade in their vehicle. We’ll take your trade and deduct your positive equity (the difference between what you owe and what the car is worth) from the price of your next car.

How to Trade in a Car That is Not Paid Off – Be Prepared

We will make as generous an offer as we can on your trade in. But we want you to feel like you’ve gotten a fair deal. The best way to do that is to do your homework beforehand:

How to Trade in a Car That is Not Paid Off – Preparation

• Determine how much you still owe on your current auto loan.
• Calculate the trade-in value of your car with our online tool and get an instant offer.
• If you owe more than the trade-in value, determine whether you can pay off that difference, or you need to ask us to roll that difference over to your new loan. If you owe less on your car than the trade in value, just bring it in and pick out your new car.

Bring Your Trade in to Lenoir City Chrysler Dodge Jeep Ram

If you’re ready to move on to your next car, we want to work with you, regardless of your situation. So, bring your trade in, even if you owe more than what it is worth. Our finance department would be happy to walk you through your options. In fact, you can even get pre-approved for financing before you ever step foot on our lot. We’re just down the road from Athens, and we’re here to help. So, drop by or contact us today!