If you are upside down in your auto loan this simply means you owe more to the bank then you can get back on trade in, or outright sale otherwise known as negative equity.  To combat this you will need to do one of the following options 1) Roll balance over on to new loan.  If this is done you are compounding the problem and will most likely have a greater amount of negative equity if you need to trade off your next car during the better portion of your auto loan.  2) Try to find a car that is much cheaper than it should be.  If you can do this you should be able to absorb some or all of your negative equity.  This will be difficult because dealers search all over the United States to find good deals, hence, everyone else is bidding on these deals too.  They usually cost about what they should, especially in today’s market.  3) Pay the difference as a down payment, a combination of this and number 2 is the best way to approach it if you can but bear in mind, it is good to put money down anyway;  Negative equity will just increase the amount you will need.

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