Frequently Asked Questions About Trading in a Car

Finance Agreement

 

How much is your car worth? We make it easy to purchase your new vehicle by providing a handy trade-in calculator and the help of specialists at Carolina Chrysler Dodge Jeep Ram - SC to guide you through the process of assessing your car’s worth. Why evaluate your old car’s trade-in value at Carolina Chrysler Dodge Jeep Ram - SC? At Carolina Chrysler Dodge Jeep Ram - SC, we offer competitive rates, ample resources, and an expert finance team to ensure that your next trade-in is seamless! 

Ready to learn more? After checking out our quick guide on how to trade in a car and evaluating your car’s trade-in value, contact us today to learn more and get your trade-in started! 

How to Sell a Car: FAQs

Q: Can You Trade in a Financed Vehicle?

A: Indeed, you can exchange a financed vehicle. That is one of the significant advantages of offering your vehicle to your nearby Columbia seller. Sellers will merge your loan amount that you actually owe on the vehicle and work that into the new loan agreement.

Q: When Can You Trade in Your Financed Vehicle?

A: Though you can actually exchange your financed vehicle whenever, we suggest delaying until you have positive equity on your present loan.

Q: What Does “Being Upside-Down” on a Loan Mean?

A: This simply means that you have negative value on your present loan. For instance, if you owe $40,000 and it’s valued at $35,000, you would have a negative value and be thought of as “upside-down” in your credit.

Q: Can You Trade in Your Vehicle for a Cheaper One?

A: You can absolutely exchange your vehicle for a less expensive one. If you owe $30,000 on your car loan and the vehicle is valued at $40,000, the car dealership would then buy your vehicle and put the $10,000 towards another vehicle. If you’ve already paid off your loan and own your car, you can trade it in at any time, as negative equity wouldn’t apply in this situation. 

Discover More About Toyota Trade-In Value Today!

Still wondering how much your car is worth or how to trade in a car? Now that you’ve learned more about the Toyota trade-in value and how to trade in your car at the dealer, visit us at Carolina Chrysler Dodge Jeep Ram - SC to learn more! Our finance team is here to help with the ease of our trade-in calculator and will walk you through the trade-in process today!

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