Can You Sell a Financed Car?

Absolutely! You can sell a financed car — but keep in mind that the loan on your vehicle doesn’t go away because you’ve traded it in; you have to pay off the balance. Learn more about your options for selling a car that still has a loan balance with your AGT Auto Remarketing finance center, and contact us if you have any questions about car loans and interest rates, selling a car, leasing a car, credit scores, and more in North Kingstown.

How Does Selling a Financed Car Work?

1. Determine the remaining balance on your loan. It is typically listed on your monthly statement.
2. Use our Value Your Trade tool or one from a service like Kelley Blue Book to get an estimate on the value of your current vehicle. Note that this is simply an estimate, and it’s only once the vehicle has been physically inspected that the dealership will establish what the car is worth.
3. If the remaining amount of your auto loan is less than the trade-in offer from the dealership, then you’ll have money left over that you will get back.
4. If the remaining balance of your auto loan is more than the trade-in offer, then you’ll still owe money on your car–this is called negative equity. You will have to pay that amount at the time of sale.

Rely on AGT Auto Remarketing to buy your vehicle!