How can I trade in my car that has negative equity?

Answer If the current loan payoff value on your car is greater than the trade-in value of the car, you have negative equity. The dealership slang is that you're "upside down" in the car. It's possible to ... Read More »

Top Q&A For: How can I trade in my car that has negative equity

How to Trade Down a Used Car With Negative Equity?

Trading in a used car with negative equity, also known as being "upside down," is possible. Depending on the amount you will have to carry over, money you have to put down, credit rating and curren... Read More »

How to Get Rid of Negative Equity Cars?

Cars with negative equity are difficult to get rid of. Depending on the amount you owe, you might need a down payment of thousands of dollars. People get into a negative situation in several ways; ... Read More »

How to Get Out of a Negative Equity Car Loan?

Even if your vehicle has negative equity, you can still trade out of it or sell it. You will have to put money down if selling privately. If you use a dealer, you can possible avoid money down if y... Read More »

Can I refinance with negative equity?

"Negative equity" means you owe more on your home loan than the house is actually worth. To refinance, you'll have to come up with enough cash to pay down your debt so that your loan balance is les... Read More »