---
id: faq-0036
title: "Can I trade in a vehicle with an outstanding loan?"
category: faq
subtopic: trade-in
page_type: faq
source_url: "https://www.boballenmotormall.com"
tags: ["trade-in", "financing", "loan payoff"]
questions:
  - "What if I still owe money on my current car?"
  - "Can I trade in a financed vehicle?"
  - "How does trading in a car with a loan work?"
related: [trade-in-process, financing-options, trade-in-paperwork]
dealer: Bob Allen Motor Mall
---

Yes, you can absolutely trade in a vehicle with an outstanding loan. Bob Allen will handle the payoff process for you. Here's how it works: we'll appraise your trade-in, and if its value is more than what you owe, that equity goes toward your new vehicle purchase. If you owe more than the trade-in value (being "upside down"), we can discuss financing options with you. Our finance team manages all the paperwork with your current lender to make the transition smooth. Call (877) 331-4442 to talk with our sales and finance team about your specific situation-they'll explain exactly how the numbers work and what your next steps are.