---
id: faq-0003
title: "Can I trade in my current car as part of my down payment?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.barefordgmc.com"
tags: ["financing", "trade-in", "down-payment"]
questions:
  - "Can I use my trade-in toward the down payment?"
  - "Does my old car reduce what I owe?"
  - "How does a trade-in credit work?"
related: [trade-in-process, financing-options]
dealer: Bareford GMC
---

Absolutely! Your trade-in reduces what you owe on your new vehicle, which effectively lowers your monthly payment. It's one of the most straightforward ways to get into a new GMC.

Here's how it works: we assess your vehicle's value, subtract that from the new vehicle's price, and you finance only the difference. If your trade-in is worth more than your down payment goal, the extra credit can go toward fees or accessories.

To get a fair estimate of your vehicle's value and see how it applies to your purchase, **call our Used Sales or Finance team at (804) 445-2810**. They'll give you an honest appraisal and show you the numbers.