Negative Equity

Negative Equity? We Can Help.

WE WANT YOUR TRADE - AND WE'LL PAY ABOVE BOOK VALUE TO PROVE IT!
If you owe more on your current vehicle than it's currently worth, you may have negative equity. While this can make trading in your vehicle more challenging, it doesn't mean you're out of options. Our team can review your circumstances and help you explore potential solutions.

Understanding Negative Equity

Negative equity occurs when the remaining balance on your vehicle loan is higher than the vehicle's current market value. This situation is often referred to as being "upside down" on your loan.

As an example, if your vehicle is worth $20,000 but you still owe $25,000, you have $5,000 in negative equity. Although this can affect your trade-in situation, it doesn't mean you don't have options.

What Causes Negative Equity?

There are several common factors that can contribute to negative equity, including:

• Extended financing terms
• Minimal or no down payment
• Normal vehicle depreciation
• Rolling an existing loan balance into a new purchase

If you're unsure of your vehicle's current value or payoff amount, our team can help you review the numbers and better understand your position.

Bring Us Your Trade

At Dutchess Chrysler Jeep Dodge Ram, we're always interested in quality pre-owned vehicles and may be able to offer more for your trade than you expect.

Our staff will assess your vehicle, review your loan details, and explain the opportunities available to you. Because every customer's situation is different, we'll take the time to provide clear, straightforward information tailored to your needs.

Explore Your Opportunities

Having negative equity doesn't necessarily prevent you from upgrading your vehicle. Our finance specialists can help by:

• Reviewing your loan payoff amount
• Determining your vehicle's trade-in value
• Identifying available incentives and offers
• Discussing financing solutions that may be available

Let's Get Started

If you have questions about negative equity or would like to learn more about your vehicle's value, contact our team today for a complimentary evaluation.