---
id: faq-0042
title: "Can I trade in a vehicle with an outstanding loan?"
category: faq
subtopic: trade-in
page_type: faq
source_url: "https://www.castlechevycars.com"
tags: ["trade-in", "loan", "payoff"]
questions:
  - "What if I still owe money on my current car?"
  - "Can I trade in a financed vehicle?"
  - "How does trading in a car with a loan work?"
related: [trade-in-negative-equity, finance-options]
dealer: Castle Chevrolet of Villa Park
---

Absolutely-you can trade in a financed vehicle! Here's how it works: we assess your car's trade-in value, and if that value is higher than what you owe, the difference goes toward your new purchase. Our finance team coordinates with your current lender to pay off the loan using the trade-in proceeds.

If you happen to owe more than the car's trade-in value (called being "upside down"), we can sometimes roll that gap into financing your new vehicle-though that depends on your situation and the vehicle you're buying.

The best way to understand your specific numbers is to call us at (630) 279-5200. Our finance experts will review everything with you and show you exactly how it all works out. We're here to make the process smooth!