Trade In

You can sometimes trade in a vehicle if you’re behind on your loan payments – but it may depend on how far behind you are.

If you've been driving a vehicle that isn't in your name, it's a little harder to trade in than normal, but you can still do it. Here's what you need to know about trading in a car that's not in your name, and how to get started.

Trading in a vehicle with negative equity should be avoided and this situation can be made even worse if you are attempting to finance your next vehicle with a bad credit auto loan.

A recent survey DealerRater conducted for Automotive News looked at the different ways car buyers deal with negative equity on their trade-ins. It found that the majority of consumers deal with this all-too-common situation in the worst possible way.

Trading in a car with a lien on the title is possible, but that lien has to be removed before the vehicle can legally be sold to a dealership. Here's how to make that happen.

Finding yourself paying for more than the vehicle is even worth? This can cause a lot of problems when you need to replace your car or simply need to improve your credit and vehicle's worth.

In order to trade in your car, you must have the title ready and available for the dealership. Unless there’s a lienholder involved, dealers won’t accept a trade-in unless they can see the title with your name on it.

For many borrowers, trading in their car instead of selling it themselves is worth it in convenience alone. It can be a hassle to sell your own vehicle, but trading in can be a quick and easy to upgrade your ride.

Trade-ins are worth a lot right now, due to the shortage of new cars, so now may be the right time to get into something newer. We cover the trade-in process, tips on preparing your vehicle for appraisal, and advice on how to haggle with a dealer.

Trade-in equity can help you meet the down payment requirement of an auto lender, and down payments are typically required when you have less than ideal credit.