Negative Equity

Negative Equity? We Can Help.

WE WANT YOUR TRADE - AND WE'LL PAY ABOVE BOOK VALUE TO PROVE IT!
If you owe more on your current vehicle than it's worth, you may have negative equity. While this can make trading in your vehicle more challenging, it doesn't mean you're out of options. Our team can review your situation and help you explore available solutions.

What Is Negative Equity?

Negative equity, sometimes called being "upside down" on your loan, occurs when you owe more on your vehicle than it is currently worth.

For example, if your vehicle is worth $20,000 but your loan payoff amount is $25,000, you have $5,000 in negative equity. While this can make trading in your vehicle more challenging, it doesn't mean you're out of options.

How Does Negative Equity Happen?

Negative equity can occur for a variety of reasons, including:

• Long-term financing
• Little or no down payment
• Vehicle depreciation over time
• Rolling a previous loan balance into a new loan

If you're unsure where you stand, our team can help determine your vehicle's current value and review your payoff information.

We Want Your Trade

At Hudson Valley Chrysler Dodge Jeep Ram, we're actively looking for quality pre-owned vehicles and may be able to offer more for your trade than you expect.

Our team will evaluate your vehicle, review your loan information, and help you understand the options available to you. Every situation is unique, and we're committed to providing transparent information so you can make an informed decision.

Your Options

Even if you have negative equity, there may be opportunities available to help you move forward. Our finance team can assist by:

• Reviewing your current payoff amount
• Evaluating your trade-in value
• Identifying available manufacturer incentives
• Exploring financing options that fit your needs

Get Started Today

If you're concerned about negative equity or simply want to learn more about your vehicle's value, contact our team for a no-obligation evaluation.