How Do I Trade in My Car When It is Not Paid Off

Sometimes a Claremont driver may be ready to say goodbye to their current car even though they still owe money on it. If you’re in that situation, you may find yourself trying to figure out how to trade in a car you still owe on. Fortunately, we help drivers do that every day and to get behind the wheel of the new car of their choice. The experts in our finance center are here to help, so let’s talk about how to trade in a car that is not paid off.

How to Trade in a Car That is Not Paid Off but Worth Less Than What You Owe

What if you owe more on the car than what it is worth? Don’t worry, as this is more common than you might think, and we’ve helped numerous San Dimas drivers in this situation. Typically, we’ll 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. Another option is to pay that difference to the lender before buying your next car.

How to Trade in a Car That is Not Paid Off but Worth More Than What You Owe

Many fortunate Rancho Cucamonga drivers have found that they owe less on their car than what it is worth. It’s even easier to trade in a car when this is the case. The difference between what you owe and the value of your trade is applied to the price of the car you want to purchase. So, if you trade in a car that is worth $5,000, but only owe $4,000, we’ll deduct $1,000 from what you owe on your new car.

How to Trade in a Car That is Not Paid Off – Do Your Homework

Trading in a car that isn’t yet paid off is done all the time, and we try to make the process stress-free. Of course, we want all of our customers to feel they’ve gotten a fair offer on their trade, so we recommend being prepared by doing the following:

How to Trade in a Car That is Not Paid Off

• Determine how much you still owe on your current auto loan.
• Calculate the trade-in value of your car with our online tool.
• 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 Mazda of Claremont

We think everyone should be able to drive off our lot in their next car, regardless of their situation. So, bring your trade in, regardless of how much you owe. 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. In the meantime, feel free to look at our other car buying tips. Remember, we’re just down the road from Upland, and we’re here to help. So, drop by or contact us today!