Frequently Asked Questions about Vehicle Trades
How do I prepare my car for trading?
To get the most money for your trade, you'll want to follow a few steps to prepare your vehicle for the dealer's appraisal:
Clean your car inside and out, and give it a car wash
Fix any small issues you can repair yourself
Get your important documents-title, registration, and others-together
Gather any extra keys, accessories, or other items that came with your car
Can I trade in my car if I still owe money?
Even if you still owe money on your car loan, don't worry! You can still trade it in at Stadium Toyota. However, you do want to know how much equity you have in your vehicle to make the process easier.
Equity is the difference between your vehicle's current value and the amount you owe on its loan. If your car's worth more than what you owe, you have positive equity, which can be applied to a new vehicle purchase, reducing the amount you have to finance your new car. If you owe more money than what your vehicle's worth, however, you have negative equity. You can either pay the difference when you buy your new Toyota to keep your principal low, or you can roll it into the loan we provide to finance your new purchase. It's up to you!
How much can I expect to get for my used car?
You can easily value your trade-in using our free-to-use tool online! Simply enter your car's year, make, model, and trim, and you can get a quote in about 10 seconds. You're guaranteed to get a fair price when you trade-in your car at Stadium Toyota!