Chevrolet Trade-In FAQ
Can I trade in a financed car if I haven't paid off the loan yet?
Yes, you can trade in a financed car even if the loan isn't paid off yet. In most cases, the process includes the dealership buying the vehicle and paying off your outstanding loan if the car is worth more than what you still owe.
What happens if I owe more on my current vehicle than its trade-in value?
If you owe more on your current vehicle than its trade-in value, you'll have negative equity. That means you'll need to pay off the remaining amount upfront or roll it into your next auto loan.
Can I sell my car to you for cash without buying a vehicle?
Yes, you can sell your car to us for cash without buying a vehicle from us. Although a trade-in is ideal for lowering your next loan costs, you can also sell your current vehicle for cash. Our team at McGee Chevrolet of Greenwich can explain how this method works.
How exactly do you determine my vehicle's trade-in value?
Your trade-in value is often determined by one of our service center specialists. We'll review the model inside and out to determine its worth. We'll then run those numbers by you to see if you're interested in trading it in and applying that value toward a new car.
Can I trade in my expensive car for a more affordable, cheaper used vehicle?
Yes, you can absolutely trade in an expensive car for a more affordable, cheaper used vehicle. Many people do this if they have a shorter work commute, don't drive as much, or want to lower their monthly payments.
Do I need to schedule an appointment for an in-person trade-in appraisal in Greenwich?
You don't need to schedule an appointment with us for an in-person trade-in appraisal, but we do recommend it. Trade-in appraisals can take time, and scheduling an appointment helps to ensure that you won't wait in the lobby for too long.
