and advice you haven’t heard from a Car Salesperson 😉 Smart way to trade in a car with negative equity - you will need to look for a new car that has discounts and rebates if it has incentivized rates that’s even better and will set you up in a better situation down the road. Consider a lease - it’s a shorter term and at the end you are done with the negative equity cycle. If you’re in this situation and must do something buying a lower priced used car will be harder to get approved on.