Car Loan Payoff with Trade-In Calculator
Trading in a car before your loan is paid off can leave you with equity to put toward your next vehicle — or negative equity that gets rolled into a new loan. Enter your current loan details and trade-in offer to see exactly where you stand.
About this calculator
Calculate your remaining car loan balance after a trade-in, including negative equity rollover into a new loan and its effect on future payments.
Frequently Asked Questions
What is negative equity?
Negative equity means you owe more on your current loan than your car is worth. That shortfall gets added to your new loan balance if you roll it over.
Should I roll negative equity into a new loan?
It's generally best to avoid this since it increases your new loan amount and total interest paid, but it's sometimes unavoidable.
How can I reduce the new payment?
Increasing your down payment, choosing a shorter loan term, or paying off negative equity separately before trading in can lower your new monthly payment.