Trade In

Asked by GuruDQNN3 Sep 06, 2017 at 03:17 PM about the 2014 Nissan Sentra SV

Question type: Car Selling & Trading In

I bought a used car through the dealership and I still own
money. I want to get a different car (trade in) and I would
like to know how it works out? I would like to trade it in for
a Honda but I don't want to own more money. Do you
guys pay off the car or give a statement?
Please I would appreciate an answer.

1 Answer

21,885

Most dealers will take a car on trade even if you owe money on it. It works like this: If you owe $5,000 on you loan and the dealer only offers $4,000 for your trade, they will add the $1,000 difference to your new loan. If you owe less than the trade in value, then the extra is like a down payment.

Your Answer:

CarGurus Experts

  • #1
    Doran Harney
    Reputation
    2,980
  • #2
    L_R
    Reputation
    2,900
  • #3
    GuruLK5L9
    Reputation
    1,500
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Nissan Altima
31 Great Deals out of 667 listings starting at $3,495
Used Honda Civic
193 Great Deals out of 4,033 listings starting at $2,877
Used Toyota Corolla
143 Great Deals out of 2,253 listings starting at $3,495
Used Toyota Camry
51 Great Deals out of 1,074 listings starting at $2,500
Used Honda Accord
45 Great Deals out of 986 listings starting at $2,995
Used Nissan Versa
9 Great Deals out of 269 listings starting at $3,599
Used Hyundai Elantra
158 Great Deals out of 3,074 listings starting at $1,995
Used Nissan Maxima
12 Great Deals out of 194 listings starting at $5,999
Used Kia Forte
64 Great Deals out of 1,583 listings starting at $4,500
Used Nissan Rogue
128 Great Deals out of 5,118 listings starting at $2,995
Used Chevrolet Malibu
42 Great Deals out of 1,037 listings starting at $2,995
Used Mazda MAZDA3
74 Great Deals out of 1,368 listings starting at $2,995
Used Hyundai Sonata
55 Great Deals out of 865 listings starting at $1,543
Used Volkswagen Jetta
89 Great Deals out of 1,926 listings starting at $3,975
Used Ford Mustang
38 Great Deals out of 1,635 listings starting at $7,999

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.