Is there any possible way to get in a new car with a lot of negative inequity in your old one?

Question

I'd like to find a way to keep my monthly payments at least close to what they are now...

Answer 1

Only if you have allot of money to put down. Pretty close to the balance remaining that you owe on it, if not because you are out of equity the bank is taking a bigger chance and your rates will go up, making your payments higher, and keeping you even farther out of equity. Just not a good idea