CALCULATOR

Car Trade-In Equity Calculator

See whether you have positive or negative equity and estimate the amount carried into your next car loan.

Estimated trade-in value ($)Current loan payoff amount ($)Next vehicle price ($)Cash down payment ($)Taxes & fees ($)

ESTIMATE

$3,000 positive equity

Your estimated trade value exceeds the payoff amount.

Trade value$—

Loan payoff$—

Equity$—

Next loan before interest$—

Positive equity can reduce the amount financed. Negative equity means the unpaid balance exceeds the trade value and may be rolled into another loan if a lender allows it.

About this calculator

Trade-in equity is the difference between what a dealer or buyer offers for your current vehicle and the amount needed to pay off its existing loan.

Frequently asked questions

What is negative equity?

Negative equity occurs when your loan payoff is greater than the vehicle's trade-in value. The difference may need to be paid in cash or financed with the next vehicle, depending on the transaction.

Does trade-in value equal private-party value?

Not necessarily. Trade-in offers can differ from private-party prices because of dealer costs, vehicle condition, demand and other factors.