There is no magic way to get rid of negative equity, and trading for a vehicle that's less expensive doesn't do you any good.
46 answers, other - Society Culture 1 day ago.
By the time the negative equity is added back into the loan, your payments are the same as where you started (or worse, in your case).
Show more, best answer: Trying to get a personal loan (at higher interest) would just be swapping one debt for another.Even if you had the highest credit score in your county.Double-up on payments for about two years, then see where you stand.You won't be trading that far upside-down.No lender on the planet is going to approve that much negative equity to be rolled-over to the new loan.Or simply don't care?Do ugly people know there ugly?No lender on the planet is going to approve that much negative.Now you understand why you don't finance with no money down, and carry over a balance.Some people show up to school looking like they came out of the garbage do they know?When you do, you pretty much say, "Hey, I don't mind being stuck in this car for 3-4 years at least".It would accomplish nothing.Best answer: Trying to get a personal loan (at higher interest) would just be swapping one debt for another.Keep your savings intact (the 8000 you say you have in another comment).Shooting Events across NY-area mark 50th anniversary of Rev.




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