Negative Equity

Negative Equity? We Can Help.

WE WANT YOUR TRADE - AND WE'LL PAY ABOVE BOOK VALUE TO PROVE IT!
If your current auto loan is higher than the vehicle's actual value, you have what's known as negative equity. Although trading it in takes a bit more strategy, you still have great options available. Our finance team is ready to evaluate your situation and find the right path forward for you.

Understanding Negative Equity

Negative equity, often referred to as being "upside down" on a vehicle loan, means the amount you owe is greater than the vehicle's current market value.

For instance, if your vehicle is worth $20,000 and your remaining loan balance is $25,000, you have $5,000 in negative equity. While this situation can complicate a trade-in, it doesn't necessarily prevent you from moving into another vehicle.

What Causes Negative Equity?

There are several reasons a vehicle owner may find themselves in this position, including:

• Extended loan terms
• Minimal down payment
• Normal vehicle depreciation
• Carrying over a previous loan balance

If you're unsure of your vehicle's value or payoff amount, our team can help you better understand where you stand.

Bring Us Your Trade

At Dutchess Cars, we're always looking for quality pre-owned vehicles and may be able to offer more for your trade than you expect. Our goal is to make the trade-in process as straightforward and transparent as possible.

We'll review your vehicle, assess its current value, and discuss potential options based on your individual situation. Every customer's circumstances are different, and we're here to help you make an informed decision.

Possible Solutions

Even if you currently have negative equity, there may be options available. Our team can help by:

• Reviewing your current payoff information
• Assessing your trade-in value
• Exploring available incentives and offers
• Discussing financing solutions that may fit your needs

Take the Next Step

If you'd like to learn more about your vehicle's value or discuss your options, contact our team for a complimentary evaluation.