A simple Answer TO yOUr Question
What if I owe more than the car is worth?
If you owe more than the car's current market value, you have negative equity. You can still sell the car, but you will need to cover the difference out of pocket. Some people roll negative equity into a new car loan, though this increases the cost of your next vehicle. It is worth weighing whether to pay down the loan first or sell now.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
Smart move!
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