What is Vehicle Equity?


Before you walk into a dealership to trade in your vehicle it is important to know the equity you presently have or don’t have. If you are wondering, “What is vehicle equity?” or “What does it mean?” It’s important to know the answers to these questions. Knowing the equity in your car can equate to a larger down payment toward a new car. In other words, the trade-in value on your old car can get you a better deal on a new one.