Help please

[Xiruhvengex]

OK so i kinda made a bad choice and would like some help so please doing hate i recently got my altima coupe 2012 like 5 months ago and i got a 2.5 and at the moment i wasn't so sure what i would want because I was thinking if i want more power and change it to manual i can do that later on. But after researching i found out to make it to a v6 and change it to manual is waaay to much money is better to trade it in so my question is if i have a car financed and i still owe 23,000 and i trade it in for a 3.5sr and trade in value is only like 13,000 the other 10,000 does it rollover to the new balance and will they finance you or whats the best way to approach this as fast as possible. And i know i messed up bad but i guess you learn from your mistakes

[seldomseen]

You're in a financial pickle here. You're severely upside down on your car note. What are your finance terms? Did you purchase a brand new leftover, or was your coupe used? Owing $23k on a 2012 2.5 coupe is not good.

You can see if a dealership is willing to work the numbers for you to trade into a 3.5SR, but I can tell you this. Based on the numbers you presented, you will also be upside down on your a 3.5 SR too and will most likely need to finance your car for 72-84 months just to afford your monthly payments.

Most lender are only willing to finance 110% over a cars value to address trade in rollovers---- a $10,000 rollover is insane and exceeds the rollover threshold. Any respectable sales/finance person will not touch your trade in because they'll feel bad for you and know you were most likely duped on your purchase.

Your best option is to keep the coupe for 3-4 years to pay down your balance, or be prepared to have a $5,000-$10,000 down payment to trade your car in.

[Xiruhvengex]

well it was used but the car i traded in for that one i stilled owed a little and yeah thats what i was thinking in about 2 years when i'm about halfway done with it just trade it in and whatever they give me is gonna be enough to pay it off so ima get the 3.5sr and start from the beginning

[seldomseen]

well it was used but the car i traded in for that one i stilled owed a little and yeah thats what i was thinking in about 2 years when i'm about halfway done with it just trade it in and whatever they give me is gonna be enough to pay it off so ima get the 3.5sr and start from the beginning

Smart move...the trend of rolling negative equity from one used car another has to stop.

[Xiruhvengex]

haha lol yeah but oh well but my homie has a lancer evo 8 and wow that thing is pretty fast you think if i turbo a 3.5 sr could it give it a good race because i know since the a/c is fwd it looses some hp and the evo is all wheel so i mean I'm not trying to make it super fast but i just wanna be at my homies level lol I'm still new at this racing scene