Can you trade your car in if you are upside down 7000

Asked by Kkevans Dec 04, 2016 at 02:47 AM

Question type: Car Selling & Trading In

I have a 2012 Camry Le with 82,000. I have a pre-
approved loan for 20,000.  For 72 months with 8.99
monthly payment at 360.But the dealership say my
car is only worth 8,000. I want a Toyota Van used
certified. Prices from lowest 15,000 to 20,000

1 Answer

F_O_R answered 7 years ago

Only if you find a way to pay off the balance. If you still have good credit maybe they will let you roll over the balance but then you will be even more upside down. At some point you have to pay it off.

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