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Technically yes, but count on the fact that if the vehicle you are buying has a high rebate amount, they will give you much less on the trade value. Check www.edmunds.com, www.nada.com and www.kbb.com and compare those trade values on the prospective vehicle first.
First, regardless of what you used the rebate for, it really doesn't matter in a financial way. Second, and more importantly - the used (only dealers call them pre-owned...but their still used) car you then have to sell, is worth MUCH LESS than the new one the dealer sold you. Even if it was the same day you got it. There is nothing special about it...it's even still available to anyone. Maybe for less than you paid!
Third - any and all costs of buying that new car...dealer fees, title fees, etc, and sales taxes, are not recovered when you sell the car used to someone else. Fourth - Most dealers aren't interested in giving you a good deal to get an almost new car...it conflicts/competes with their selling new cars (in all the wrong ways)....and used car dealers would only want a slightly used car at a very, very much reduced price to what other dealers sell it for (and consider they can buy them inter-dealer at a discount anyway). Fifth - The one who takes the trade needs to be able to market and sell it, in spite of the above challenges, for a good deal more than they give you...just to pay the commissions, lot fees, insurance, carrying charges, advertising, etc.
What else can I help you with?
Under standard accounting rules it is possible for a company's liabilities to exceed its assets when this occurs the owners equity is negative Can this happen with market values why?
It can happen A: I don't think it can happen. let us see... equity = represents your ownership 80% equity = says that you own 80% of the business zero equity = you have no ownership negative equity = ??? Negative equity would just mean that you have no property plus you owe someone else which means its just another liability. So I think its not possible
How do you get rid of a vehicle with negative equity?
Let someone else take over the payments.
How do you apply for an equity loan?
To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.
How can I refinance my home with negative equity?
Refinancing a home with negative equity can be challenging, but it is possible. One option is to work with your lender to see if they offer programs for refinancing underwater mortgages. Another option is to explore government programs like HARP (Home Affordable Refinance Program) which may help homeowners with negative equity refinance their homes. It's important to research and compare different options to find the best solution for your situation.
Can you be sued for the negative equity on a vehicle that is not in your name?
Perhaps if the individual is the person who entered into the lending contract he or she is responsible for any monies still owed after the vehicle is sold. (Whether or not a vehicle is registered in the borrower's name is not relevant.)
How do you compute ROE if there is loss and negative equity?
To compute for ROE if there is loss and negative equity, divide the company's net income by the stockholders' equity. A negative ROE does not necessarily mean bad news.
If there is negative equity on your car when it is repossessed are you responsible for the difference?
It may vary by state, but in most palces you are responsible for the negative equity.
What does mean equity?
In regards to home ownership and property, equity can be seen as: Home appraisal value (minus) loan amount (equals) Equity amount It is possible to have negative equity, which can happen when a homeowner buys in a rising market, and there is a price correction, reducing the value of the home appraisal. If there is no loan against the home, the equity is equal to the appraised value. Equity can also be viewed as Share.
When it comes to equity what does it mean to have negative equity or be underwater?
The amount owed is greater than the car's worth
Can there be a negative Owner's equity on a balance sheet?
yes
Is it possible to obtain a home equity loan without having any equity in your home?
No, it is not possible to obtain a home equity loan without having any equity in your home. Home equity loans are secured by the equity you have built up in your home through mortgage payments or appreciation in value.
Can you trade if you are upside down?
An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.
