2007-08-23 06:43:26 · 5 answers · asked by DANNY E 1 in Cars & Transportation ➔ Buying & Selling
simple. pay the diffrence.
you own 15000 you sell of 10000 you pay 5000
or see a dealer who can sell you a 10000 car for 15000 and take your truck in for an even trade. but then you are in teh same boat in a few years.....
2007-08-23 06:49:24 · answer #1 · answered by George 4 · 0⤊ 0⤋
Only legal was are.
1. Find someone who is willing to pay for what the payoff is. Meaning you need to find a sucker who is willing to spend more money than the truck is worth.
2. You need to make up the difference with out of pocket cash, or a loan.
2007-08-23 13:50:31 · answer #2 · answered by hsueh010 7 · 0⤊ 0⤋
Either hope you can find someone who will get the payoff that is more than the value, or pay it down then sell it.
2007-08-23 13:48:19 · answer #3 · answered by zanilth1984 4 · 0⤊ 1⤋
You have to pay the difference out of pocket. You are upside down with the loan. Trade it in and the dealer will tack the rest onto a new loan.
2007-08-23 13:48:54 · answer #4 · answered by mybuttstinks2001 5 · 0⤊ 0⤋
If your looking to get into another auto, you can trade it in to a dealer and they can bury the negative trade equity. You payments will be more and you will be up-side-down on the new auto, but it is one way to go. If your credit is OK, they often can get very large LTVs which will enable them to bury more neg. equity.
2007-08-23 14:05:18 · answer #5 · answered by Mark H 2 · 0⤊ 0⤋