Does this tool appraise my vehicle?
No. Enter a trade-in allowance from a real appraisal and your current loan payoff. The tool shows how that equity changes a proposed purchase. Condition, mileage, title history and inspection determine the actual offer.
Positive equity means the allowance is above the payoff. Negative equity means the loan balance is higher. Compare both the new-car selling price and the trade allowance separately. Confirm tax treatment with the dealer for your registration and transaction.
Estimate only. Not a credit application, approval or binding quote. Confirm all inputs with the dealer or lender. Do not enter account numbers, a Social Security number or documents here.