Calculate net trade-in value, trade equity, negative equity, payoff difference, amount financed, and monthly payment impact. Use this trade in value calculator to estimate how your current vehicle affects your next car purchase.
Trade-in equity:
Enter your estimated trade-in value and loan payoff to calculate positive or negative equity.
Amount financed impact:
Use new vehicle price, taxes, fees, down payment, and trade equity to estimate the amount financed.
Payment impact:
The calculator estimates how trade-in value affects your monthly payment and total interest.
Private sale comparison:
Compare your trade-in value with a private sale estimate after selling costs.
A trade in value calculator helps estimate how your current vehicle may affect the cost of your next car.
It can help compare trading in, selling privately, paying off a current loan, and financing a replacement vehicle.
Your result shows trade-in equity, negative equity if any, loan payoff, net private sale value, private sale difference, sales tax, fees, amount financed, monthly payment, total interest, and total loan payments. These are estimates based on the values you enter.
Subtract the loan payoff amount from the estimated trade-in value. If the result is positive, you have positive equity. If it is negative, you have negative equity.
Negative equity means you owe more on the vehicle than it is worth as a trade-in. That difference may need to be paid upfront or added to the next loan.
Positive trade equity can reduce the amount financed, which may lower the monthly payment and total interest.
A private sale may provide a higher selling price, but it can require more time, listing work, buyer communication, and paperwork.