Can I trade a vehicle I still owe money on

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You are here to watch this video for a few reasons... You still owe money on a vehicle and want to know how to trade. You owe more money on your vehicle than it is worth and you want to know if you can trade. You are tired of your current vehicle, don't like it anymore and want to trade, or... You found a sweet vehicle you would like to purchase and would like to trade but don't know if you can because you still owe money on your vehicle and don't know how it works to trade. No problem, I can help!

Yes you can trade in a vehicle you still owe money on and the dealership will take what you still owe on your vehicle and wrap it into the financing on your new vehicle. The BEST way to trade if you owe more money than your car is worth is to look for a new vehicle with a really good rebate! This will help reduce the cost of the vehicle and allow you to get financed. The biggest kicker is going to financing. You will need to wrap your financing in your current Watch the video for more details on what to do with your payoff on your trade-in vehicle.

Let me help you understand how to buy a vehicle every step of the way!
How to buy a car, how to buy a truck, how to buy an SUV what ever vehicle you are looking for, let me help you.

I am going to share how to find and get the best deal on your trade in, how to get the best deal on your purchase, what you need to know about financing, payments, your payoff and money down. I will help you every step of way and educate you so you are prepared before you step one foot inside the dealership so you are confident and ready to get you the best deal you can!

Here are the links to my series of videos I have created for you in my How to buy a car video series...
#3 Why should you test drive a car and what to look for?
Step #4 Can you trade in a vehicle you still owe money on and what do you do with your payoff?

You can find Chad online at...

Chad is an Auto Sales Professional at Pettijohn Auto Center and Co-Owner Entrepreneur with experience in the auto industry, social media marking, entrepreneurship, health and exercise, and coaching.

Chad is passionate about helping you with your needs and questions. Chad posts videos often and is happy to post any video you need for any vehicle questions.

Never pay extra dealer fees and ask for Chad

Pettijohn Auto Center
1301 S 25th St.
Bethany, MO 64424
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You deserve more subscribers.
You just helped me

ukurikubohora
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great advise thanks, how can we contact you for more questions?

DjTemptation
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I currently own a 2020 Chevy Camaro that has a value of $27000. However, I still need to pay off $12800 for it. My intention is to trade it for a 2023 Cadillac CT5. Can you please advise me on what to do based on your experience?

SMYL-LA
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I have questions if I walk in the Dealership and say I wanna trade in my car do I have to tell him how much I owe or do I tell them after we negotiate how much my car is worth

AdrianGomez-xthf