Upgrading your financed used vehicle to a new model in Eagan doesn’t have to be complicated, even if you’re trying to trade in a financed car. You may even be asking yourself if you can trade in a car that is not paid off yet. If you’re looking to get a more affordable price, trading in your old vehicle can be a great way to dramatically reduce the amount owed on your new car. Read the guide from the finance team below about trading in a financed car, and then contact us with any questions that you might have.
The first thing that has to be assessed before trading in a financed car is whether you have positive or negative equity, which is explained below.
The steps to calculate your equity are as follows:
If you have negative equity on a St. Paul vehicle, these steps will show you how to trade in a car that’s not paid off:
If you still need more advice on how to trade in a car that’s not paid off, then don’t hesitate to contact our team today and let us help. We also have information for you if you are wondering if you should fix your car before trading it in. We can make the car buying process easier than ever, and our team knows all of the ways to make it easy for you to save plenty of money.
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