---
id: faq-0025
title: "Can I trade in a car that I still owe money on?"
category: faq
subtopic: trade-in
page_type: faq
source_url: "https://www.castlesubarumchenry.com"
tags: ["trade-in", "loan payoff", "financing"]
questions:
  - "What if I have a loan on my current car?"
  - "Can I trade in if there's a balance left?"
  - "How does trading in work when I still owe money?"
related: [trade-in-appraisal, trade-in-process, finance-options]
dealer: Castle Subaru McHenry
---

Absolutely-trading in a car with an outstanding loan is very common, and we handle it smoothly. Our finance team will arrange for your existing loan to be paid off using your trade-in value, and any remaining difference becomes part of your new vehicle deal.

If your trade-in value exceeds what you owe, that equity goes toward your purchase. If you owe more than the appraisal value, we'll work with you on financing options. The key is being upfront about your loan payoff amount, which you can find on your latest statement. Call us at (779) 601-0797 to walk through the numbers with our finance team.