Trade In Value of My Car


Does your current vehicle no longer suit your needs? As your life changes, so does the car you need. Car owners looking for their next vehicle can trade it in for a different model. Used car trade-ins are a popular choice for customers visiting Heart City Toyota. Whether you are looking for a newer or different vehicle, our Mishawaka car dealer can help! We can help you exchange your current vehicle for a dependable Toyota model.

What is the Trade-in Value of a Car?

Trade-in value might be something you are unfamiliar with. You probably don't have much experience trading in a car, and if this is the case, Heart City Toyota can lend a hand. We have an expert team of representatives that will help you evaluate your vehicle. There are many factors that play a part in the evaluation. Interested customers can review trade-in factors below!

  • Make, model, and year.
  • Age
  • Mileage
  • Condition
  • Vehicle maintenance history
  • Market popularity
  • Durability/Lifespan

All of these factors play a part when determining your used car's trade-in value. Customers who need help estimating their trade-in value can visit Heart City Toyota online. We offer our clients a free instant quote, making it easy to learn about the value of your car. Simply submit photographs and a description to get started!

How is Trade Value Calculated?

Do you want to learn more about trade in value calculations? Customers who want to learn how trade-in value is calculated can learn more here. The formula is:

Transaction size * open price * quantity of transactions = Trade-in Value

Is Trading in Your Vehicle a Good Idea?

Customers looking to maximize the value of their vehicle can consider trading it in to the dealership. A used car near Mishawaka is much easier to buy when you use trade-in value. These customers do not require as much financing, putting less stress on their budget. If you have been weighing your options, you can rest easy knowing a trade-in is a good idea. 

  • Less down payment
  • Easier to finance/less financing required
  • Makes it easy to sell your current car
  • Immediately return to the road in a trade-in

We will help Heart City Toyota customers value their trade-ins, along with whatever else they need.

How Does Trading in a Car Work When You Still Owe Money?

Do you still owe money on your car? This is known as negative equity. Customers with negative equity will need to pay the difference between the loan balance and the trade-in value. You can easily trade in your car, even with negative equity. The steps below can help you get started.


  1. Determine the difference between the loan balance and trade-in value

  2. Contact the seller

  3. Evaluate your car with Heart City Toyota

  4. Review appropriate vehicle trade-in options

  5. Discuss payment plans with Heart City Toyota


Do not let owing money on your current car stop you from trading it in!


How Does Trading in a Car Work When You Still Owe Money?

Finding a used car near Mishawaka doesn't have to be difficult. Heart City Toyota can help customers interpret the trade in value of their cars before selecting a future model. You want to make it as easy as possible for you to review used car trade in value. Don't hesitate to visit us for an instant quote today!