TradeMax is an optional trade credit program. After your first year, your trade credit limit grows by $100 each month, up to $5,000. When you trade in this vehicle toward your next one at your Dealer Group, your trade credit goes toward any amount you may owe beyond your vehicle's value.

Your trade credit starts growing 12 months after your purchase date, by $100 for each full month you own the vehicle, up to $5,000. When you trade in, your trade credit is the lesser of your total trade credit or the amount your program loan balance exceeds your vehicle's program value.

It's the clean trade-in value published by Black Book for your vehicle's year, make, model, and trim, with typical mileage for its age. Because it's a standard published value, no inspection or appraisal are needed.

It's calculated from the amount financed, interest rate, and loan term in your finance contract, assuming all payments were made on time. It isn't increased by missed or deferred payments, loan extensions, or late fees. It doesn't include any remaining balance of prior negative equity carried over from a previous vehicle and it's reduced by any available refund on optional products that can be cancelled.

Then no trade credit is needed, and any equity is yours.

At any dealership in the dealer group where you bought your vehicle.

Any time after your first year, until your loan is paid off or your original loan term ends. Just tell your dealer you have TradeMax before you complete your next purchase or lease.