Do I have any options? Help!

[TRC_WA]

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@SamsungHDTV wrote:

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 Its going to be hard for you to get out of the hole, but dont get discouraged. Find a way to make it happen. Good thing you got GAP insurance, hint*.

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If you are going to commit insurance fraud at least make sure you save your money in the meantime by NOT buying GAP from the dealer.

Loan/Lease Payoff thru Progressive costs me $17 a month and covers 25% of actual cash value of vehicle after insurance claim which should be more than enough to cover negative equity assuming you got a good interest rate.

I'll be out of the red on my 2015 Challenger and will cancel the LLP long before the 53 months I would have to carry this LLP to equal what I would have paid the dealer for GAP... $895.

[Anonymous]

So I called my local credit union and asked about refi on my car. The lady I talked to asked all the questions but what surprised me the most is when she went to find out the amount for the car she said it would only allow her to use the full MSRP value which was 22,000-24,000 roughly. I am waiting for EQ to update and we will be hopefully taking full advantage of this refi opportunity. Does this sound like I won't be getting too much negative equity on the possible new loan? She also did say I may have to come up with a little bit of cash which isn't a problem.