wait wait. time out. We disconnected. I wasn’t referring to trading a leased car on a lease. OP was asking about a car he has $8k equity in, so I assume that car is a finance, not a lease. And you and I already discussed purchased cars back in Jan (earlier in this now merged thread, it seems), where we agreed the full value is credited, not just equity (you checked your past contracts at that time).
BTW, we definitely disagree on the PDF you linked. It clearly states value, and value is independent of monies owed or equity.