▲ 2 r/carbuying
Negative equity trade with higher downpayment? Or pay off negative equity with lower downpayment
Looking to potentially trade my current car that I’m upside down about $3000 on for something more far more budget friendly now that my credit score is much higher and I qualify for a far lower interest rate. I was wondering if it’s better to pay off the $3000 of negative equity for an even trade and give a $3000 downpayment on the new (to me) car? Or should I just give the $6000 as a down payment? Or is it the same regardless?
u/GGKael — 17 hours ago