# Any tips on dealing with negative equity? **URL:** \ **Category:** Ask the Hackrs\ **Tags:** la-louisiana\ **Created:** [May 12, 2022, 4:45am UTC](https://forum.leasehackr.com/t/any-tips-on-dealing-with-negative-equity/418245 "2022-05-12T04:45:21Z")\ **Posts on this page:** 1\ **Showing post:** 8
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [May 12, 2022, 7:02am UTC](https://forum.leasehackr.com/t/any-tips-on-dealing-with-negative-equity/418245/8 "2022-05-12T07:02:58Z")
> [@B5RT](#): > > She owes ~$29k and CarMax offered ~$23k Have you already checked all the buying services to see if Carmax is paying the most? > [@List of places to sell or value your car online](https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451/1): > > For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo… > [@B5RT](#): > > She doesn’t love the car and hates the payment ($550). Her credit isn’t great either (660 ish) so the APR is close to 8% If you co-sign, she could probably refinance it for 4-5% less. Have you done that math? Transacting on this car, even to sell it and buy a beater, is going to incur sales tax and registration (even if you get a prorated refund). Refinancing it at least let you minimize the hurt while you figure out long-term what the plan is. I would at least run the numbers in your collective shoes. --- _[View the full topic](https://forum.leasehackr.com/t/any-tips-on-dealing-with-negative-equity/418245)._