Updated January 16, 2019
You will get money back on it that you can use toward a new car when you trade in a car at a dealership, chances are. But, this typically happens in the event that you actually have the motor car while having no loan payments quit about it. Otherwise, the total amount you borrowed from in your vehicle could create negative equity when you attempt to trade it in during the dealership. This will depend on just how much the vehicle is really worth versus exactly how much you still owe onto it.