Trade-ins and financing

What affects a trade appraisal

• Mileage, service history, and tire and brake condition.
• Cosmetic condition, including hail, rust, and interior wear.
• Accident history and title status.
• Current local demand for that model and drivetrain.

What to bring

• Title or current loan account information.
• Both keys and any accessories that came with the vehicle.
• Service records, if you have them.
• A current odometer reading.

Financing, in plain terms

A monthly payment is the result of four things: the vehicle price, your down payment or trade equity, the term length, and the rate you qualify for. Change one and the payment changes, so compare the total cost rather than the payment alone.

All credit decisions and rates come from the dealership and its lenders. Nothing on this site pre-approves, quotes, or guarantees terms.

Questions to ask

• What is the itemized out-the-door total?
• What is the term, and what does a shorter term cost per month?
• Is there a prepayment penalty?
• Which add-ons are optional, and what does each one cost?