Do I Have Equity In My Kia?

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

Susie Sirnic, Product Specialist, Smail Kia

3 Things You Can Do With Equity
  1. Keep your vehicle - keeping the equity means you won't have a car payment
  2. Trade your vehicle in - you will receive a tax advantage. This takes the sales price of the vehicle you want to buy, subtract what your trade is worth, and the taxes are based on the new lower sale price.
  3. Use equity as cash back - a dealer can write you a check for the vehicle and you can use that money for whatever you like. Or, you can use a portion of it for cash down, then take the rest home.
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 towards the purchase of the new vehicle.

Find out if your vehicle has equity

Start the process by filling out this short form*

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