Quote:
Originally Posted by briancamaross
So the way to help get rid of the negative equity is to buy a car with rebates. Been there done that a few times in Florida .
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While that may make it possible for you trade a car that you owe more than its worth, you are still losing the money by using the incentives to get you out from under the trade. Now you will be upside down in the new car almost immediately because cars with large incentives lose their value immediately because of the incentives. You are are still effectively carring that debt with the new car. There is no excape other than to put enough down on a car that you wont be upside down.