---
id: faq-0039
title: "Can I trade in a vehicle I still owe money on?"
category: faq
subtopic: trade-in
page_type: faq
source_url: "https://www.castlechevymchenry.com"
tags: ["trade-in", "loan", "lien", "negative-equity"]
questions:
  - "What if I have a loan on my current car?"
  - "Can I trade in a financed vehicle?"
  - "How do you handle a loan payoff on trade-in?"
related: [trade-in-appraisal, trade-in-docs]
dealer: Castle Chevrolet McHenry
---

Absolutely-you can trade in a vehicle with an outstanding loan. Our finance team will work with your current lender to pay off the balance using your trade-in credit. If your trade-in value is higher than what you owe, that difference goes toward your new car's purchase price. If you owe more than it's worth (negative equity), we can discuss options for rolling that into your new financing. Either way, our finance team handles all the details. Call **(779) 600-2956** to discuss your specific situation, and we'll make sure the process is smooth.