Does My Acura Have Equity?

Do you have equity in your vehicle and you're not sure what to do with it?

Emily Coffer, Product Specialist, Smail Acura

3 Things You Can Do With Equity
  1. Keep your vehicle - you can keep your vehicle and not have a car payment
  2. Trade in your vehicle - you can get tax advantage when trading your vehicle in. What you do is take the sale price of the vehicle you're looking at and subtract your trade-in value. Then the taxes will be based on the difference, instead of the full sale price. This lowers the overall sale price, the financed amount, and your monthly payment.
  3. Use equity as cash back - dealer can write you a check for your trade-in value, and you can use a portion of it for a down payment, or use it all for whatever you want.
The most important thing to remember is your vehicle is worth the most it will ever be, today, because vehicles depreciate over time. So, you want to take advantage of that and get the most money you can out of your vehicle. More time and more mileage will result in less value.

Find out if your vehicle has equity

Start the process by filling out this short form*

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