How To Get Out Of Your Upside Down Car (Loan-Wise Not If You Rolled It)

A twelve + year veteran of car sales tells you how to get out of your car and into a new one if you are upside down in your current car and don't have a large down payment

[lelahill]

I have looked at millions of these videos, and THIS is the only one that helped and not BS me. Thank you, sir.

[djbigmike]

Wow!!..Excellent job sir!..this video is timeless knowledge for everyone!! 5 years later and you helped me. Thank you

[christinafeatherstone]

Extremely helpful! Thank you for taking the time to explain this in simple terms. Much appreciated!

[MadMaxBeyondThunderBone]

Outstanding in every way. Info, examples, different situations, truth! 👍

[komputageek]

Very helpful! I knew my thinking was not off the map when I asked the dealership about a higher priced vehicle. I will look for a newer vehicle.

[christophera]

Thank you!!!! This video was exactly what I needed!!!

[jdcooper]

cool video, well explained, pacing was solid. nice audio quality.

[mylovbrowne]

Thank you so much sir, I’m still looking for ways to help my sister, Her car is taking a toll

[MasterYourGreatness]

what about those who have bad credit and no down payment? I think that would be the case for a lot of people and they want to downsize perhaps.

[donnarebrown]

Hello, thanks for the info. I am 10K upside down on a Lexus. I have a paid for Honda and was just wanting to get rid of the Kexus but not getting good offers, any ideas?

[brandondeboer]

Great topic for this video, I haven't seen any videos which cover the LTV over 100% topic and so I learned alot on this one, thank you !

[KingDrewPhilip]

I put a large down payment on a car I use for Uber. Kelly blue book says its worth 15k now. In 2018 brand new it was 20k and put down 10k. So now I owe 7.8k left on a 15/16k valued car. This isn’t upside down but having more equity yes? I really didn’t want to end up upside down on the loan so the large down payment maybe prevents this. I continue to pay on time too every month. I shall not sell my already paid and with title 2008 Lexus IS 250 as that’s fully owned. Plus that’s a fun car.

[AubreyThompson-zmvq]

My hub made a bad choice and got pressured into buying me a 2023 kia soul. Now have a 4th kid on the way and need a van.
We are pretty upside down. Not sure even how much right now but interest is 20%.
The Kia is worth about $15k and looking to trade in for a 2010-2014 Honda Odyssey around $11k.
Really just hoping we can do this trade in without raising our $630 monthly payment without much down.

[nathanielcole]

Definitely helpful!! Thank you for this. I’ll be bringing at least 11k with me in beg but I’ll have 3k as a deposit. Now I know what to look for.

[altalvis]

I’m not in the market for a car yet but this was a great video!!! Subscribed

[derickflores]

I went to dealer for trade my vehicle has $15, 000 negative. For a vehicle has a $5000 rebate brand new to remove the co signed for a new loan but no luck.

[Tiger-epyh]

Very helpful tips. (Quick Question)
I own a Santa Fe Sport which I still owe $17, 000, the car is worth $10, 000 that puts me upside down with $7, 000 but I wanna get a Ford F-150 truck. What are my options ? Credit score is 780.

[keelomuney]

So my car now has negative equity of about $5000. But i want to get a new tesla. Would the $7500 tax credit count towards erasing my negative equity

[rbruce]

If the car is good, sound and rides, probably it’s a recent model, why not keep it and put more money towards the amortization of the car, pay the loan early and keep the car for three more years when the depreciation catches with the state of the car? Being debt free is bliss!

[luthertarversr.]

Yes thanks for the video need help 10 upside down in jeep Patriots 1000-1500 down I live in Chicago 400-450 max on the payment