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Trading In Your Car When You Still Owe

DollarMike 16 views

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I really needed this and the way you explained it didnt make my brain explode haha Earlier this year i needed another car asap after my first car left me stranded in the middle of an intersection, being so naive, the salesman bamboozled me and im stuck with a 2017 forte with payments that i could be making on a 370z that I actually want which I didnt know i could afford until after i got the car The car was sold to me for $11k, my principle is $14k and I still owe over $20k on it, when the car is only worth $5k I'd rather put that money in the car that I really want and put research into instead of smth I got on a whim bc of an emergency
Comment from : @TristaSwafford

Have a Nissan Sentra 2019 I bought it for $14k and I have $8k left to pay it off and I want to trade it in for a 2010 Camaro that is $12k How will that work? Should I bring down the owing amount?
Comment from : @thatkidugly

amazing video brother
Comment from : @mikeymike6705

Mike, if my car is worth 20k but I want to trade it in for something cheaper how does that work?
Comment from : @billyda1jack15

My only issue is that my car doesn’t move because the transmission is failing 😪😂
Comment from : @brandendrummond4249

Question I just bought an 07 Mustang GT with only 87k miles on it After owning it for 4 weeks, I’ve come to the conclusion that it ain’t the right one for me I owe around $16k and it’s valued at $9,616 $6,384 upside down Can I trade it in at CarMax for a newer car (2014 for example)?
Comment from : @kamikaze1276

dang bro u cute
Comment from : @coldplay3488

Hi! What if you just got the car and have not even made first payment but you now realize you needed a Van for work Can you do this???
Comment from : @kathysturgis4148

Awesome! I always thought whatever you owed on your vehicle was attached to the new loan Now I know whatever’s not appraised is attached Thanks so much all good info!
Comment from : @kimberlymay9497

So I can basically trade in my 38k financed car for a cheaper car and just get the negative equity applied to the new payment?
Comment from : @kriziaeloraf3581

I got a Honda Civic 2018 ex 57,000 milesbrGreat condition and it’s financed , and I got a co signer and it’s 1 more month until I had the car for a year How do I get the co-signed person off ????
Comment from : @SixFiguresix

Refinancing to get a lower payment is dumb, you will get further upside down doing that
Comment from : @strokerace4765

Can you refinance with a co-signer To have the interest lower ?
Comment from : @reynaflores4360

What about the new car has big discounts?? Would that help with the negative equity??? … Thank you for the Great Video
Comment from : @williamgiesecke6447

Also look for cars with cash back and incentives to eat up the negative great video
Comment from : @phaseonehustle9044

Tryna trade my 2020 accord in for a charger only had the Honda 6months but I’m over it , still owe like 18k Helpful video tho I’ll be at my local Carmax mañana
Comment from : @tigretouchingbandz2548

What if my car is worth $22,000 brAnd the car I want is like 17,000brAnd I still owe like 23,000 brbrbrIt’s super new lmaooooo but I kinda hate it and want someone more sporty and older :/
Comment from : @sabrinadiaz5871

I have a car that's worth $12k, but I owe $19k overall, so I'm $7k upside down Would it be a smart move if I were to my car in for a used car $4k and just roll over my negative equity?
Comment from : @guillermoreyes3441

Hey i live in canada , i own a honda civic 2014 exl model i owe 6000 on it right now i still have 2 1/2 years to pay jt off My honda has reached 223 000km i want to know if anyone would consider trading it in or would it be a good idea to just keep the car as i heard hondas dont die out so easily I never had issuss with this car god forbid I am thankful and just want some advice Thank you ❤🙌
Comment from : @jeninhadelima2181

How about if I have a 2018 Nissan Altima and they go for about 14k and I still owe 17k can I go to Nissan trade it in for a car that goes for 17k and keep paying the same payments with out any more money being paid
Comment from : @MaxMC24

Hey, I have a question I have a 2010 Dodge Challenger but I wanted a Mustang but the Mustang costs $22k but I still owe money to my challenger about $13k The whole price was like $22k when I got the challenger and I want to trade in my Challenger for the Mustang, how would it work? also, my interest rate is 115
Comment from : @𰽱𠄢

Best tips on YouTube bro
Comment from : @swaggod226

Can't refinance, owe too much
Comment from : @jaredpatterson1701

Yeah I have a Sentra turbo and the resale value sucks, but I've read Nissan sedans have horrible resale value
Comment from : @tconua777

I’ve only had my car for 3 months and still owe money on it , can I still trade it in or do I have have the car for a year
Comment from : @OhhThatsKo

Now lemme ask you a question , what if and I’m using hypothetical numbers What if I owe 7k and the car is worth 7k what’re the options when you going into trade in
Comment from : @juliorobles5696

love ur videos bro
Comment from : @kennyomega6795

Great Information thank you You just got a subscriber I got two repos I only thought I had one Is been more than 8 years I had to trade in a truck that my dad gave me So the car was 16k and it all came out to 22k What should I do? They told me to pay for it for a year so my credit looks better Its a 2016 Camry with only 12k miles
Comment from : @911Estyle