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You can't rollover only the negative equity to the new car AND keep the $15,000 received for selling the original vehicle. Equity is the value of assets minus liabilities. Remember, you owe $25,000 on the vehicle, not $10,000. Example options: rollover $25,000 loan and keep $15,000 cash, or rollover $10,000 negative equity, no cash. Either way you are in the hole $10,000. I hope my image attached helps you visualize this.
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