Before you guess what your trade is worth, let Kris help you compare your value, payoff, and vehicle options.
Your trade-in can play a major role in your next vehicle purchase. If your vehicle is worth more than what you owe, you may have equity. If you owe more than your vehicle is worth, you may have negative equity. Either way, Kris will help you review the numbers clearly so you know where you stand before making a decision.
Fill out the form below and Kris Martin will review your vehicle details to help you understand your trade-in options.
Negative equity means you owe more on your current vehicle than the vehicle is worth. Many customers call this being "upside down." This does not always mean you cannot trade. It means the numbers need to be reviewed carefully.
If your vehicle is worth $20,000 and your payoff is $26,000, you have about $6,000 in negative equity.
Kris Martin will help you understand how negative equity affects your:
Trade-in equity means your vehicle is worth more than the amount you still owe on your loan. That equity may help reduce the amount financed on your next vehicle, lower your payment options, or reduce the amount due at signing.
If your vehicle is worth $24,000 and your payoff is $18,000, you have about $6,000 in trade equity.
What your vehicle is currently worth
The amount you still owe on your loan
The difference between value and payoff
How equity may help your next purchase
Negative equity may affect your next deal because the unpaid balance needs to be addressed. Depending on the lender, vehicle, loan structure, and your credit profile, some or all of the negative equity may need to be paid down or included in the new financing.
Negative equity may increase the total amount financed on your next vehicle.
A down payment may help reduce the impact of negative equity.
Choosing the right vehicle matters when managing negative equity.
Rebates or incentives may help in some situations.
A longer term may lower payment but increase total interest paid.
Depends on budget, credit, vehicle choice, payoff, and trade value.
If your vehicle has equity, trading may help you move into your next vehicle with more flexibility. Kris can help you compare using your equity toward a down payment, lowering the amount financed, or improving your payment options.
Lower amount financed
Possible lower monthly payment
More flexibility with vehicle selection
Less money due at signing
Cleaner transition into your next vehicle
Trading with negative equity is not always the wrong move. It depends on your current vehicle, repair needs, warranty status, payment, mileage, interest rate, and long-term goals.
Your current vehicle needs costly repairs
Your warranty is ending
Your payment is already too high
Your vehicle no longer fits your needs
You drive a lot and mileage is rising fast
You found a vehicle with better incentives
You want to review options before trade value drops further
You deserve to understand your trade value, loan payoff, estimated equity, and payment options before you make a decision. Kris Martin will walk you through the process step by step and help you compare choices without pressure.
Schedule a Trade ReviewUnderstanding the difference helps you make a better decision.
Quick answers to help you understand your options.
Before you decide to keep your vehicle, sell it privately, or trade it in, talk with Kris Martin. A quick trade review can help you understand your equity, negative equity, and next vehicle options.
No pressure. No guaranteed values. Just clear guidance on your options.