How to trade in a car that’s not paid off: Toyota of Orlando tips
Are you ready to trade in and trade up when it comes to your vehicle? We get it – whether your payments are too high, you want the latest and greatest tech, need something more fuel-efficient, or are just sick of your current car and want something new, you can always trade in your ride at Toyota of Orlando. We’ll do a free 15-minute appraisal and make you a cash offer on the spot, even if you decide to shop for your new car somewhere else. But what if you still owe money on your current car? Toyota of Orlando is here to explain how to trade in a car that’s not paid off.
Here’s the most basic thing to remember: You can ALWAYS trade in a car that’s not paid off, period. Even if you just bought it a month ago, you’re always eligible to trade in (especially if you come to Toyota of Orlando). There are certain steps to take, however, and we’re here with a quick guide on how to trade in a car that’s not paid off.
How to trade in a car that’s not paid off
Before you trade in your car that’s not paid off, there are two steps to take:
- See how much you owe on your car
- See how much your car is worth
Let’s look at each of them in detail.
To see how much you owe on your car, you can check your loan statement or call your loan company. They can give you an exact amount that’s owed on the car at that moment, and you can also ask for a ten-day payoff amount (if you were to pay the car off in the next ten days, how much you’d owe). It’s always good to call so you know the exact number and that your most recent payment has been applied to it. Bring this information to Toyota of Orlando with you.
To see how much your car is worth, you can take several different steps. You can use our handy online tool to see how much your car is worth, and you can also schedule a free appraisal at Toyota of Orlando. Our used cars directors will take 15 minutes of your time to appraise your vehicle, and we’ll make you a cash offer on the spot – even if you decide you don’t want to buy your next car with us.
Once you have this information, you can figure out how to deal with the amount still owed on your old car. Sometimes your car will be worth more than what you owe on it, and you can roll that money into a down payment on your next Orlando Toyota. Sometimes your car will be worth less than what you owe on it; in that scenario, you can either pay the difference out of pocket to get out of your old car, or you can simply roll the amount owed into your next automotive loan and pay it off over time. It’s whatever works best for your budget and your financial situation!
Trade in a car that’s not paid off at Toyota of Orlando
And the best news is that we can help you trade in a car that’s not paid off at Toyota of Orlando and do what works best for you. We work with multiple lenders to get you the best finance rate for your budget, have a great selection of new Toyotas to choose from, and always offer top-dollar for your current car when you trade with us. Ready to get started? Schedule your free appraisal online, call us at (407) 298-4500, or stop by and see us at 3575 Vineland Road, just off I-4 near the Millenia Mall.