What Will My Car Payment be with Trade-In?

February 5th, 2019 by

Your car payment was not something you planned on researching today. But after spotting that 2019 Chevrolet Sonic you knew you had to. Ever since you were a kid you wanted a car named after the fastest game character alive, Sonic the Hedgehog.  It was a silly wish you thought you’d never get fulfilled. But that Chevrolet Sonic sighting changed everything. And the best part? You have a car to trade in!

“I wonder, though…what will my new car payment be with the trade-in?” Read on to see how you can figure out your new car payment with your trade-in.

car payments, payment calculator


With Credit Karma, you can check your credit score for free 24/7, 365.


The ToolsPayment calculator, car payment

We know this subject might seem scary. Until you know the real number any payment might seem like too much. That’s why we’ve compiled a few tools for you to use. Each of these tools helps you figure out your credit score and what your current ride is worth. These tools are:

  • Credit Karma
  • Kelley Blue Book
  • Dan Cummins Car Payment Calculator

car payments, payment calculator Credit Karma

Knowing your current credit score is essential to figuring out car payments. Even with a trade-in, you should still look up your credit score. That’s why we suggest using a service like Credit Karma. With CK, you can check your credit score for free 24/7, 365. The best part of this service is that since each credit check is a soft inquiry,” it won’t affect your score. You could literally check your score after each bill payment without it affecting anything.

This also helps in case you need to buy more than one car in a short period. You can use Credit Karma to help you figure out what you’ll pay for the Sonic. Then, just a few weeks later, your spouse’s car quits on you. Not fun. However, because you’re using Credit Karma, it won’t matter. You can check your score before you start shopping for your spouse’s new ride.

“What about TransUnion and the others?”  You can still use websites like ExperianEquifax, and TransUnion if you’re more comfortable with them. Just know they only allow one free credit check per year. Once you’ve got a handle on your credit score it’s time to check in with Kelly.

car payment, payment calculator

Kelley Blue Bookcar payments, payment calculator

Kelley Blue Book has helped people price cars since 1926. It started as a way to value Model T Fords and is now the standard is car pricing. In fact, this tool is so effective that it’s the only external car payment tool we include on our website.


Use Kelley Blue Book to find out the possible price of your new car.


It’s pretty simple to use. All you have to do input the make, model, and a few other details to find out what your car could be worth. Or you can put in your license plate number and state information for a more complete estimate.

As we have mentioned before in other posts about car payments, you can also use Kelley Blue Book to find out possible prices for the new car you want.  Once you have that information, it’s time to head over to the Dan Cummins Car Payment Calculator.

The Payment CalculatorPayment calculator, car payment

By now you should have a good idea of your credit score, your current car’s value, and the price of the car you want. Then, with that information on hand, plug it into the payment calculator. Within moments you should have a solid idea of what your car payment will be with your trade-in.

To get a clearer idea of how this works, let’s run through an example. Suppose you want a 2019 Chevrolet Sonic. The price is about $17k. Your credit score is pretty average , so your interest rate is about 4.9. The car you’re trading in is a 2014 Toyota Camry LE with all the standard equipment. You’re not putting in a down payment and your loan term is 36 months. Plug that into the payment calculator and your monthly payment should be $241.

The beauty of the Dan Cummins Payment Calculator is that it works with any type of car you want to buy. As long as you know what the price is, and what your trade-in is worth, you are good to go!

Contact Dan Cummins to See What Your Car Payment is Today!

See what your car payment could be with the Dan Cummins car payment calculator. To find out which car meets your requirements, talk to our friendly staff. Leave a message or call us at 877-661-2805Click here to apply for auto financing and get pre-approved in seconds.

car payments, payment calculator

What Will My Car Payment be with Trade-In? | Dan Cummins Chevrolet & Buick – Louisville, KY