@ap84 wrote:
Hello all,
Just wanted to share my sucess story. I tried trading in my car on Saturday - only to get turned down. I knew that I would have negative equity, and my car payment history is atracious. Fast foward today, I went to a smaller dealership and they were able to approve me with $1500 down, AND they washed out my negative equity, without rolling it into my loan. I am not sure how, but it worked out. I was so shocked!! My question is, how was the 1st dealership not able provide me with the same deal?
Not sure why the first dealership couldn't do the deal but if you really had negative equity the second dealer rolled it into your second loan. You just didn't see that they did.
Congrats on the approval!
