Many borrowers trade in their financed vehicles so they can upgrade their ride. We're here to walk you through the process of trading in a car to a dealership, how to check your vehicle's equity position, and how trade-ins can help you get approved for an auto loan.

Trying to trade in a car with high negative equity can be a challenge. However, this situation is more common than you might think, and there are a few ways you can handle a trade-in with high negative equity.

You don't have to own a car outright to trade it in to a dealership. We go over how to prepare to trade in a vehicle you still owe money on, including how to find out what your car is worth and if you have equity.

Trading in a high-mileage car isn't as rare as you might think. Even though your vehicle has got some hefty miles tacked on, it could still help you get into your next auto loan if it has equity.

Calculating your car's trade-in value can be tricky since there's no way to know what a dealer may offer you. However, you can get an estimate right from home if you head online to check out a number of vehicle valuation websites.

Cash is king, but your old car may be able to help you meet a down payment requirement for your next car loan. Trading in your vehicle to use as a down payment can help you avoid having to pay cash.

When you're still paying on an auto loan, your lender is a lienholder on the vehicle. This means that until the loan is paid off, you're not the only one with a legal claim to the car.

The coronavirus has changed a lot of things, but there are a few that remain the same. Despite the pandemic, there's a no return policy on vehicle purchases, so you can't cancel your car loan due to COVID-19. However, there are still solutions you can explore.

When you've got bad credit, a trade-in vehicle with equity or that's paid off could really help you get into your next car loan if you apply it as a down payment.

It isn't easy to say if you can trade in your car with problems, but with a little work, you can see if it's worth it. Here are the steps you need to take.