Trading in two new cars for one new or used car?
Monday, December 12th, 2005
Cory P asked:
I have a problem. I just broke up with my girlfriend and she was currently driving and paying every month for a 2006 kia sportage under my name because her credit was really bad. So now i am stuck with a second car payment to pay for her car. I myself have a 2005 mazda 3 that i make payments on. My goal would be to get rid of sportage payment some how. What are my options? I thought about going to a dealership and taking both cars and trading it in for one new or used car. The problem with that is im not sure if i could do it? The sportage would be negative $8000 equity and the mazda would be about negative $4000. So thats $12,000 negative equity that i would add to a new loan. Is that possible to do? Or is there a better option for me so i could still keep my mazda? Please help me.
ANTONIA
I have a problem. I just broke up with my girlfriend and she was currently driving and paying every month for a 2006 kia sportage under my name because her credit was really bad. So now i am stuck with a second car payment to pay for her car. I myself have a 2005 mazda 3 that i make payments on. My goal would be to get rid of sportage payment some how. What are my options? I thought about going to a dealership and taking both cars and trading it in for one new or used car. The problem with that is im not sure if i could do it? The sportage would be negative $8000 equity and the mazda would be about negative $4000. So thats $12,000 negative equity that i would add to a new loan. Is that possible to do? Or is there a better option for me so i could still keep my mazda? Please help me.
ANTONIA
