Trading in with negative equity - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

stoopid · 05-06-2015, 10:25 AM

Quote:

Originally Posted by Foxrus14

Pay an extra $100 or $200 per month on current vehicle until you get to even then get rid of it. Or a little more if you can afford it.

This.

Chapa3 · 05-28-2015, 11:45 AM

"get yourself into a vehicle that either A)will have a ton of rebates to eat the negative equity of your trade in and start with a fresh loan, you will come out behind if you buy new but not with so much negative equity"

Rebates won't help you. Since everyone is getting the rebates the price of the car becomes the rebate price, and not the msrp. So you're still going to be upside down the same amount unless the dealership offers you different rebates that they didn't offer other people. I.e. 2013(4) Chevy 1500s for 6-9k off msrp

05-28-2015, 11:45 AM	#16
Chapa3 Drives: '10 2SS/RS Join Date: Jan 2013 Location: Texas Posts: 44	"get yourself into a vehicle that either A)will have a ton of rebates to eat the negative equity of your trade in and start with a fresh loan, you will come out behind if you buy new but not with so much negative equity" Rebates won't help you. Since everyone is getting the rebates the price of the car becomes the rebate price, and not the msrp. So you're still going to be upside down the same amount unless the dealership offers you different rebates that they didn't offer other people. I.e. 2013(4) Chevy 1500s for 6-9k off msrp