---
id: department-0028
title: "What if I still owe money on my trade-in vehicle?"
category: department
subtopic: tradein-owe-money
page_type: department
source_url: "https://www.castlekiamchenry.com"
tags: ["trade-in", "loan payoff", "negative equity"]
questions:
  - "I owe money on my current car-can I trade it in?"
  - "What happens if my loan balance is higher than the trade-in value?"
  - "Can you pay off my loan when I trade in?"
  - "Do you handle payoffs on trade-ins?"
related: [tradein-appraisal, finance-payoff]
dealer: Castle Kia McHenry
---

Absolutely-you can trade in a vehicle even if you have an outstanding loan. Castle Kia McHenry handles the payoff process for you.

**How it works:**
We appraise your car and get the exact payoff amount from your current lender. If the trade-in value meets or exceeds what you owe, the difference becomes a credit toward your new Kia purchase or down payment. If you owe more than the car is worth (called being "upside down"), that gap can often be rolled into your new loan-our Finance team will discuss options with you.

**The paperwork:**
We manage all the details: getting your payoff quote, coordinating with your lender, and ensuring your old loan is settled when you drive home in your new vehicle. You won't have to juggle multiple lenders or worry about loose ends.

Call **(815) 453-8566** to discuss your situation with our Finance and Sales teams. We'll walk you through the numbers and make the trade-in process smooth.