---
id: faq-0027
title: "Can I trade in a car with outstanding loan balance?"
category: faq
subtopic: trade-in
page_type: faq
source_url: "https://www.genesisofdownersgrove.com"
tags: ["trade-in", "financing", "loan payoff"]
questions:
  - "Can I trade in a financed vehicle?"
  - "What if I still owe money on my current car?"
  - "How does a trade-in payoff work?"
related: [trade-in-paperwork, financing-options]
dealer: Genesis of Downers Grove
---

Absolutely-you can trade in a car even if you're still paying it off. Genesis of Downers Grove works directly with your current lender to pay off your loan from the trade-in value. If your trade-in is worth more than you owe, that extra equity goes toward your new Genesis. If you owe more than the appraisal, you can roll the difference into your new financing.

Our finance team handles all the lender communication and paperwork, so it's hassle-free for you. Call (630) 598-9950 to discuss your loan balance and explore how we can structure the best deal for your situation.