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Home Personal Finance

Rolled over negative equity into new auto loan : personalfinance

Rolled over negative equity into new auto loan : personalfinance
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So I owed a bit of over $10,000 on my 2022 Jeep grand Cherokee when my lease ended a couple of weeks in the past. As a result of I used to be over the mileage settlement. I wished to easily commerce it in. I did so and I acquired myself a 2023 Dodge Durango RT with 35k miles on it. I actually wished the hemi. My authentic alternative was the ram truck, however I couldn’t get authorised for that .The unfavourable fairness on the jeep, after all rolled into the brand new mortgage. 84 months on the settlement. 12% fee. Credit score just isn’t good proper now so the fee is a bit of excessive at $827.

Right here’s the factor, I actually desire a truck throughout the subsequent 12 months, and would plan on buying and selling within the Durango to get it.

What are your guys ideas on this? After all the main focus proper now could be rebuilding my credit score.



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