negative equity

Asked by Sep 22, 2016 at 11:30 PM about the 2013 INFINITI M37 xAWD

Question type: General

What would be the best way to purchase a new car ,with 5,000 in negative equity on a trade?

1 Answer

107,765

OUCH, that is going to be tough, if you can find a place they will tack on the negative to the contract and raise the monthly payments quite a bit, plus it changes the interest rate, so you triple whammied. If you could maybe add some more money on the payments each month until the negative is caught up, or save some money to make a larger down payment to help offset the negatives. But as it stands right now it is going to be rough.

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