A simple Answer TO yOUr Question
How do I calculate my equity position before selling?
Start by getting a payoff quote from your lender. Then get market value estimates from Kelley Blue Book, Edmunds, and Carvana. The difference between what you owe and what the car can sell for is your equity position. Positive means money in your pocket; negative means you need to cover the gap. Check multiple sources since values can vary by a few thousand dollars.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
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