Find out if you're upside down on your car loan and explore your options. Calculate the true cost of rolling negative equity into a new loan vs other alternatives. No signup required.
See if you're upside down on your loan.
Understand the cost of rolling negative equity.
Compare trade-in, pay down, or keep the car.
Factor in your car's current value.
Get guidance based on your situation.
See if refinancing is an option.
Understand your equity position and options for trading in an underwater vehicle.
What you still owe on your loan
Trade-in value from KBB, Edmunds, or dealer quote
You owe more than your car is worth
Negative equity means you owe more on the loan than the car is worth. It often happens after a trade-in with an old loan balance or with long loan terms and fast depreciation.
Use our trade-in calculator to estimate your car's value.
Yes, but the negative amount is usually rolled into the new loan, increasing what you owe and your payment. Paying down the old loan or waiting until you're not upside-down can be better.
Check our refinance calculator - refinancing with negative equity is harder but sometimes possible.
Common questions about this tool
Negative equity means you owe more on the loan than the car is worth. It often happens after a trade-in with an old loan balance or with long loan terms and fast depreciation.
Yes, but the negative amount is usually rolled into the new loan, increasing what you owe and your payment. Paying down the old loan or waiting until you’re not upside-down can be better.
Calculate your monthly payment with amortization schedule and total interest.
Calculate monthly lease payment, money factor, and total lease cost.
Use the 10-15% rule to find your car budget based on income.
Check your estimated auto loan rate and approval likelihood.