How can I trade-out of my vehicle if I have negative equity?

It all depends on the specific car dealer you visit and their respective equity position in their vehicles.

If your credit isn't great, I would recommend a used-car dealer as they will most likely have some vehicles with decent “equity-to-cost” spread.

This basically means they can:

  • Sell you a car
  • Roll some/most of your negative equity into the new vehicle
  • Still make a small profit.

Here are some examples of sedans that dealers typically carry with positive equity:

  • Nissan Altima
  • Chevy Malibu
  • Chevy Cruze
  • Ford Fusion
  • Hyundai Sonata

You will have a good chance of rolling negative equity into these vehicles.

Welcome to the Car Buyer Cheatsheet
Welcome to the Car Buyer Cheatsheet