Definition - The difference between the value of an asset and the outstanding portion of the loan taken out to pay for the asset, when the latter exceeds the former. Negative equity can result from a decline in the value of an asset after it is purchased.

Situation - Your current vehicle is on its last legs -or- Your family has outgrown it -or- You just want something newer or better suited for you and your lifestyle.

Problem - You go new car shopping and in order to get that new car you need to trade in your old one - but you still owe on it and the dealer is telling you "you're way upside down!".

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When making that new car purchase Negative Equity can present a real challenge for a lot of people. Most of us are in that situation due to the current price of cars and the rising interest rates.

And depending upon which dealership you go to, Negative Equity can stop you from getting that new vehicle you really want.

Sometimes, just knowing that you have negative equity will lead you to believe you simply can't afford that new car and you'll throw in the towel - put it off until next year.

The problem is - Next year, unless your car is almost paid off - it will be worth even less than it is right now!

While it's true the negative equity you put toward your new loan will increase your payment, it's nearly ALWAYS a better way to go than to stay in your current loan and wait it out.

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Don't let this situation stop you from getting that new car!
--- Because what it all really boils down to is your new PAYMENT, right? ----

Here at Mossy Poway, our Internet Team are specialists in figuring out creative ways to get you out from under your current loan and keep you in a payment you can afford.

We work hard to get you the most for your trade, limit the amount of down payment you'll need for the new loan, and come up with different loan or leasing scenarios that will benefit you the most.

If you'd rather talk through it, give us a call at (866) 427-9610 - We'll take our time with you and go through all of the options. We can set up an appointment to meet and take a look at your car and show you all of the ways we can help.

Give us a try, you will be glad you did!
The Mossy Poway Internet Sales Team