have negative equity on trade in. what can I do?

Asked by GuruRCZN9 Jan 22, 2021 at 04:40 PM

Question type: Car Selling & Trading In

2 Answers

F_O_R answered 3 years ago

Take out a big fat loan to pay for 2 cars while only driving 1 or keep paying on the one you have now.

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taver91 answered 3 years ago

Or you could sell the car you have at a loss and roll the loss into the new loan (if you can get someone to loan you the funds needed to cover it). Bottom line - you can't avoid paying the debt you have acquired.

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