If I just financed a car not even a month ago and I want to trade it in, will the dealer discounts cover the negative equity?

Asked by Sydney Mar 30, 2018 at 08:41 PM

Question type: Car Selling & Trading In

I just financed a car and I owe $13k on it. I want to trade it in because I hate it
and I hate nissan. If another dealership is offering retail consumer cash, will
that cover my negative equity? (around $4k) The car is worth about $9k.

F_O_R answered 6 years ago

The only way to cover negative equity is to fork over the dough. Either cash or a much bigger car loan for your next car.

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Guru8LYTG answered 4 years ago

I have a 2019 kia forte and I want to trade it for the 2020 gt line..i have 6 month with my car..can I still trade it..even tho I owe 20000 on it??

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