Wednesday, May 26, 2010

I'm 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to

Can you live with a mini-van ? Ford currantly is offering $5000 rebate on 06 Freestar. If you get your dealer to discount by $2000 and you put $1000 down. There%26#039;s your $8000 negative equity ! And your not rolling it into your new loan at all !



If you roll the negative equity into a loan, you%26#039;re gonna be paying about $160 (approx $20 mo. per $1000 on a 60 mo loan) a month more than if you don%26#039;t .



Why would you want to do that ? I mean it can be done but at a price. Are you willing to pay that price? maybe you%26#039;d like a mini-van. If so , please contact me . I%26#039;ll sell you one



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

Sure it is - your payments will be a lot higher and depending how good your credit is , and if you made the previous payments on time your finance rate can he higher.



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

yes you can but it will make your payments higher.



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

yeah, I%26#039;m 4K in mine....they just add the neg equity onto your new car. Makes it hard to find someone who will do this...but, it%26#039;s possible.



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

You are committing financial suicide trading cars too often....Sell it if you can or pay it off before you rebuy......



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

SURE!! With the robbers at the Dealer, it Sure is!!!!



Just ask me! I speny probably 40k on a 20k Monte Carlo after going bankrupt!!!!!!!!!!!!!!!!!!!!!!!!!!!!



WATCH OUT!!!!!!!!!



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

Is there a reason why you must trade? If you are able to do this deal you will pay through the roof. Upside down 8k us not easy. I am a loan underwirter - it may be possible with a great credit score otherwise you will need a sub prime lender. Borrowing from a sub prime lender hurts you credit score. By the way - one of the most important things you can do financialy is keep your credit score as high as possible. Insurance co and all lenders base rate on scores.



I%26#039;m 8K upside down in my car and need to trade...Is it possible to finance an additional 8k to a new car?

Anything is possible. My husband did, but wow....I don%26#039;t know if I would do it. You would still be 8k upside down.

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