Trading in a car for a newer vehicle at Automotive Avenues near Toms River is fairly common. Our team will review a private owner’s vehicle, see if it meets our standards, and make a fair offer on the car, truck, or SUV. Then, you can use the sale proceeds to go toward a down payment on a vehicle from our inventory.
What happens if you want to trade in a car but it’s not paid off? Is this even possible? Do you know how to trade in a car that is not paid off? Yes, you can trade in a car that still has loan payments. It’s not common, but we do see this occasionally. Read our guide on how to trade in a car you still owe on to learn more about this process.
To see how to trade in a car that is not paid off, start by figuring out which of these two situations applies to you.
Calculate which equity you have following this process:
If the offers you receive are less than the amount you owe, you have negative equity. If the offer is more, your equity is positive.
Positive equity puts you in a better position when learning how to trade in a car that is not paid off. You will be able to trade in your current Trenton ride without owing any amount on the loan. You could put some cash toward another car.
Follow these next steps if you have negative equity for your Howell Township vehicle.
Next, see how to trade in a car you still owe on when you have negative equity. It’s not an ideal situation, but it’s still possible to make it happen.
Always read the contract of your auto loan carefully before you act. This will help you learn how to trade in a car that is not paid off.
Have more questions about how to trade in a car you still owe on? Contact us or call 856-539-0105, and we’ll happily answer your questions.
Running two stores as New Jersey’s largest independent pre-owned dealership means there’s a lot happening on any given day. Between our flagship showroom in Wall and our Sewell store, sales conversations, trade appraisals, reconditioning, delivery prep, and lender approvals are all going on at the same time. And the customer shopping for a used car…
New Jersey winters can be unpredictable — from mild, chilly mornings to sudden snowstorms that cover the Parkway in white. If you recently purchased a new-to-you vehicle from Automotive Avenues, congratulations! You’ve already taken the first step toward safe and confident driving this winter. Now it’s time to make sure your vehicle is ready to…
There’s nothing quite like fall in New Jersey. As the air turns crisp and the trees explode with brilliant shades of red, orange, and gold, the Garden State transforms into a breathtaking canvas best explored on four wheels. Whether you’re cruising through rolling countryside or hugging the coast, an autumn foliage drive offers a front-row…
844-988-3545
Call Now5011 Route 33 • Wall, NJ 07727
Get DirectionsOpen Today! Sales: 9am-7:30pm
