Sure if the dealer will accept it.
Steal it.
ya of curse you can use the upside down car loan for buying a new car...
Buying a new car can be very exciting and very expensive. The down payment for a car is dependent on the buyers credit, how they are planning on financing, and the lot in which the car is bought. A down payment for a car can range from $50 to $2-$3,000.
You will need to pay a down payment when you get a car at a new dealership.
A car down payment is the amount of money or the trade-in value of your current car required by your lender before a loan is issued. For example, if your new car costs $20,000 and your lender requires 10 percent down, you need to come up with at least $2,000 in cash or trade-in value before the loan can be initiated.
Personally, if someone needs 15000.00 for a down payment on a car then they cannot afford the car they want. I wouldn't lend this money. Not even to family. 15000.00 would by a new car for anyone. I have to know: what kind of car is this that needs a $15,000 DOWN payment? That's like, 20 percent down on a $75,000 Mercedes!
if you are going to buy a new vehicle from toyota they will probably buy your old used car and they will apply it towards the down payment on your new car.
When I put the down payment on the new car, I will be owing less than half the purchase price.
When you buy a new car you will either pay in cash the full amount or get credit. If you get credit, you will only need to pay a down payment.
The amount financed is the amount remaining afterthe payment of the down payment.Here, you can either calculate the down payment and subtract form the total price, or simply multiply the total by the remaining percentage (80%).The down payment is therefore (14564 x .20) = $ 2912.80Which leaves the remainder (14564 x .80) of $ 11651.20
The two top incentives on a new car are zero percent interest and no down payment. If you have an excellent credit score, you may possibly be able to get both incentives combined, although this is not common.
47.000