Last post on Sep 03, 2010 at 10:38 AM
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#3882 of 3886 Re: trade in a car that has more owd than its worth [scammarn]
Mar 30, 2009 (2:42 pm)
Even with great credit it would be very difficult to roll that much negative equity into another car. The lender would be lending a lot more money than the car is worth.
If you used "last chance" financing I'm guessing your credit is still less than stellar so unless you have the ability to write a huge check to cover the deficit and a down payment, you are probably stuck.
#3883 of 3886 Re: ... more owd than its worth [scammarn]
Apr 03, 2009 (6:41 am)
So what have you decided? Have you resolved to not deepen the financial pit?
#3884 of 3886 Re: trade in a car that has more owd than its worth [scammarn]
Apr 08, 2009 (1:08 pm)
I have a vehicle that i owe five thousand more than its worth, due to last chance financing. Can i trade it in without starting upside down on a new loan
No, unless you have a pocket full of cash to put with it
#3885 of 3886 Thank you Edmunds!
Sep 03, 2010 (10:38 am)
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