Trade-in equity

Are you upside down on your trade?

Give Mike what the dealer is allowing for your trade and what you still owe. He shows the equity, and if it is negative, what carrying it into the new loan costs.

Example Trade allowed: $14,000 ยท still owed: $18,500 Negative equity: $4,500 Rolled into a 72-month loan at 7.5%: +$78/mo, $1,102 interest on it
Check my trade

Your first three questions need no account, and your first photo card is free. Start free, no card.

Why it matters

Negative equity does not disappear at the dealer. It gets added to the new loan, so you pay interest on a car you no longer own.

Before you trade

Get your payoff from your lender, and an offer for the car from a second buyer, so you know the trade number is fair.

FAQ

Where do I find my payoff?

Your lender's app or a call to them. Payoff is a little different from the balance on your statement.

How much does Mike AI cost?

Free to try. 7 days free with no card, then $9.99 a month, or $19.99 a month for Plus. Cancel anytime.

Check my trade

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