indigo28

iTrader: (2)

how would i go about trading my current vehicle in, and getting a new or used vehicle, when my trade in is keeping me upside down about $4000>?

example: my car is a 2004 mailbu maxx lt, and the dealer values it at $9000 even. my pay off on the car is 13,000 so that leaves me with 4,000 negative equity off the bat on any vehicle I choose, so my question is how would i go about making this work without paying a huge down payment or any at all?
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dealer mentioned something about buying a new vehicle and using the dealer or factory incentives to cover the negative equity?? any help or suggestions would be helpful please...

thanks

ex-SS-ve

iTrader: (9)

The only thing you can do is make up the difference , or sell the car outright. But your only option may be to roll it into the new car loan. if you do this make sure you get some gap insurance thru your insurance co.

slayer_taunu

iTrader: (3)

whats the blue book value on this? i'm sure its more than the trade in value they are givingyou. i cant guarantee what you'll get, but i'm sure you'll get more if you sell it on your own to a private party.