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How to Trade in a Car That’s Not Paid Off

Excited Couple Reviewing Trade in Offer with Salesman

Are you ready to trade in your current car for anew one? What if you haven’t finished paying it off yet? You might be wondering how to trade in a car you still owe on. It’s not as complicated as you probably think. Lots of Arlington drivers do it every day, so let’s talk about how to trade in a car that’s not paid off.

 

 

How to Trade in a Car You Still Owe On – Step by Step

  • Find out how much you still owe on your car.
  • Use ouronline tool to calculate its value.
  • If you still owe more than what the car is worth, determine whether you can pay off that difference, or you can inquire about potentially rolling over that balance into the new loan.
  • If your car is still worth more than what you owe on it, just bring it in and pick out your new car.

How to Trade in a Car That’s Not Paid Off – You Owe Less Than It’s Worth

Drivers who owe less than what their car is worth are in a good position. Why? Suppose you owe $5,000 on your old car, but it is worth $6,000. The dealer will just pay what is still owed on your old loan and apply the remaining $1,000 towards your down payment for your new car.

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

Can you still trade your car in if you owe more than what it is actually worth? Yes! We’ve helped lots of Memphis customers to do just that. Suppose you owe $6,000 on your old car, but it’s only worth $5,000. You have two options: either pay that $1,000 difference before buying the new car, or the dealer takes over your old loan and adds that $1,000 to what you’ll owe for your new car.

Talk to the Finance Department at Wolfchase Nissan of Bartlett

Ourfinance department will happily explain how to trade in a car you still owe on. So, why not talk to them about your options? We make it so easy, you can evenget approved for financing before you ever step foot on our lot. We’re just down the road from Cordova. So, drop by orcontact us today!

 

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