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Old 08-27-2009, 03:07 PM
trent trent is offline
Senior Member
Join Date: Jun 2008
Posts: 387

First find out exactly what you owe on the car. If you financed the car, then what you owe is total outstanding debt before you can get a clear title. If you are leasing the calculation is a bit more complex as you need to take into account the remaining lease payments, the residual car value, and any early termination penalties.

Then you need to find out what is your car worth, by using one of the many free sites like Kelly Blue Book for example.

The last thing you can do is research car manufacturer rebates and find a car (hopefully the one you like) offered with a rebate that offsets the negative equity.
No debt
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