Here is the deal.
Need to get rid of a vehicle. 13 accord, due to amount of payments and I need a truck for work.
I'm currently upside down with honda financial. Can i roll the negative equity into a truck that i found from a private party?
Can my credit union do this?
I'm basically going to be upside down 2k on the car if I get my asking price ($500 below kbb market value).
I'm sure someone has to have done this? Can it be done with my credit union and a private party vehicle?
I don't see why my credit union can't just take out a loan for an additional 2k to cover the remainder of the car note with honda financial.
Also the vehicle in question is about 4k below market value so I should not have a problem getting the additional 2k in the loan.
Hopefully this makes sense. If not shoot me!
Thanks all!