---
id: faq-0005
title: "How does trading in my old car help with financing?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlecdjrchesterton.com"
tags: ["financing", "trade-in", "down-payment"]
questions:
  - "Does trading in my car lower my loan?"
  - "How does a trade-in work?"
  - "Can I use my trade-in as a down payment?"
related: [faq-down-payment, faq-financing-options]
dealer: Castle CDJR of Chesterton
---

Yes-trading in your current vehicle is a smart way to reduce what you need to finance. The trade-in value is credited toward your new purchase, effectively lowering your loan amount. This means a smaller monthly payment and less interest over the life of the loan. Castle CDJR's Sales and Finance teams will appraise your vehicle fairly and apply that credit to your deal. The entire process is simple and transparent. **Bring your car in or call (219) 250-9487** to get your vehicle appraised and see how much it can help your financing.