Hello! I currently drive a 2021 Ram 1500 Laramie with approx 41k miles on it. I am looking to possibly trade in/ sell depending on what options make the most sense. I have rolled negative equity into a few vehicles ultimately landing me in my current spot. I received a trade in offer for around …

I’m not sure there are any brands that will roll in 16k of Neg Equity these days. Well at least you know WHY you are in this hole, but getting out? That’s going to be tough. I would stay with the truck and buy a nice 200X sporty car for fun.

What would you say range wise is more realistic for rolling equity? I have a 91 vette I drive in the summer time I thought about selling and adding money to get a newer sports car later in the year.

[image] anthony_W: is more realistic for rolling equity? It all depends on the OEM. For example BMW is more friendly for Neq Equity, but you have to ask the dealer.

What’s your end goal? Do you want to finance or lease another vehicle? Are you open to leasing an EV? The 2023 Mercedes EQS has a bunch of incentives. It might help offset some of that negative equity. [image] anthony_W: I received a trade in offer for around 35k which would put me about 16k in…

[image] anthony_W: I have rolled negative equity into a few vehicles ultimately landing me in my current spot. I received a trade in offer for around 35k which would put me about 16k in negative equity to pay off. [digging season 3 GIF] [image] anthony_W: have a 8.9% Apr and am comfortab…

Maybe find something with a large discount off msrp so easier to roll negative equity in.

[image] anthony_W: I have rolled negative equity into a few vehicles ultimately landing me in my current spot. Your goal should be to break this cycle. Not find ways to perpetuate it.

Thanks for the insight! I’m open to financing or leasing. I’m open to keeping the truck longer if needed as well. I’m here for advice I am in no rush to get out just wanted some guidance around how I should attack this.

Thanks. Original loan is 8.9 I haven’t done any refi on it.

Negative Equity on Ram lease/finance?

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Batistuta February 7, 2024, 3:09am 5

Trade offers are not very meaningful since they might be moving money around from the sales price of the new car. Get some purchase only offers to see your real negative equity first.