Trade In

Getting More for Your Trade-In Getting More for Your Trade-In

You've decided it's time to get a new car. Even though you know you could probably get more for your current vehicle by selling it on your own, you've also decided that's probably too much of a hassle and, since you don't want to come up with a cash down payment, the only option that remains is to trade it in.

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What If I Am Upside Down on My Car Loan? What If I Am Upside Down on My Car Loan?

Being upside down - or underwater - on a car loan is a situation in which you owe more money on a vehicle than what it is currently worth. This means that if you attempt to sell it, you still owe your lender money. In Travis' case, he had bought his car with no down payment and a payment plan of 60 months, and was about halfway through his loan. He owed thousands more than it was now worth.

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