Do I Have Equity in My Honda?

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

Introduction - Justin Thompson, Sales Executive, Smail Honda

3 Things You Can Do With Equity
  1. Keep vehicle - not have a car payment
  2. Trade your vehicle in - tax advantage = sale price - equity. Taxes then based off the lower sale price, which equals lower financed amount & lower payment
  3. Use equity as cash back - dealer can write you a check. Re-do kitchen if you'd like, or use a portion for cash down, take other half for yourself.
The most important thing to remember, vehicles depreciate over time. Take advantage of your vehicle being worth the most it will ever be, today. More mileage and time = less value. Visit online or stop in today for more information.

Find out if your vehicle has equity

Start the process by filling out this short form*

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