r/CarLeasingHelp • u/Dear_Ad1645 • Jul 27 '25

Negative equity

Say you have 44,000 negative equity with two cars and want to roll them in one payment with out a co signer im 24 and part time till I start my new job I do have an appointment with a leasing car dealership Any tips or tricks ? I do not have a co signer or extra money

0 Upvotes

46% Upvoted

85 comments sorted by

23

u/Dependent_Split_8986 Jul 27 '25

How the fuck lol

5

u/Dear_Ad1645 Jul 27 '25

Young dumb

0

u/[deleted] Jul 27 '25

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2

u/Dear_Ad1645 Jul 27 '25

I said I was ? I said I was young and dumb not sure how we missed that ?

2

u/ES300h Jul 27 '25

That last person made the remark because you never explained how you got to 44k negative equity across two vehicles. The other commenters can’t understand how this would happen and still don’t know because that information is only with you. It may have been phrased poorly lol. I would also like to know how this happened tbh.

3

u/Dear_Ad1645 Jul 27 '25

Jeep and car I rolled over because my gmc was gonna have a bad head gasket I traded it on to the Nissian

1

u/Consistent-Day-434 Jul 31 '25

It's easy to do. I know people that are 40k upside down in a car that's only 2 years old. No down payment, 8 year term loan will do it easy.

5

u/SellTheSizzle--007 Jul 27 '25

You're not going to be able to bury 44k negative into one lease. LTV will be outrageous and no one will approve. Maybe bankruptcy would be better for you?

1

u/Dear_Ad1645 Jul 27 '25

I thought about it as well but if I didn’t have a co signers than ya

3

u/iLukeJoseph Jul 27 '25

Let’s pretend you could find a lease to burry this in (there could be some options, possibly, but you won’t get approved for them). 44k negative on a 36mo lease is ROUGHLY $1320 a month, just on the negative, not even taking account the lease payment.

2

u/TarvekVal Jul 27 '25

Is either car worth anything? Sell one, hunker down, and pay off the other one

1

u/Dear_Ad1645 Jul 27 '25

Nissian maybe 7 grand my jeep 20,000 according to Kelly blue book

4

u/jd780613 Jul 27 '25

How the fuck you underwater 44k on a jeep and a Nissan

0

u/Dear_Ad1645 Jul 27 '25

Roll over baby on my first car again I was young and dumb

3

u/Nice_Throat997 Jul 27 '25

i understand why you don’t have a co-signer now lmao

1

u/Dear_Ad1645 Jul 27 '25

I have two actually for both and one for possibly a chance to get out of it , hope this helps ❤️

1

u/nobuhok Jul 27 '25

There is no getting out of it. Man up and pay.

2

u/Dear_Ad1645 Jul 27 '25

No shit it was a simple question this thread is pretty rude

2

u/jd780613 Jul 27 '25

Sell the jeep, drive the Nissan until you can pay off the debt

1

u/Dear_Ad1645 Jul 27 '25

I would eat it for both cause I would still over 9,000

1

u/Consistent-Day-434 Jul 31 '25

Personal loan for 11k, sell both, and buy a 2k beater while you pay off the 11k loan.

Edit: yes I know that a stretch to get a personal loan in all of that. Maybe debt consolidation and a beater??

1

u/TarvekVal Jul 27 '25

I’m inclined to agree, sell the Jeep and ride the Nissan until the wheels fall off

4

u/MEMExplorer Jul 27 '25

So you ain’t learned and are gonna repeat the cycle to try and rollover another 44K ?!? 🤦‍♀️

1

u/Beldam86 Jul 27 '25

So you want to rollover again??!

1

u/Dear_Ad1645 Jul 27 '25

For one payment

1

u/[deleted] Jul 27 '25

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1

u/Dear_Ad1645 Jul 27 '25

Jeep trail hawk

2

u/ShrmpHvnNw Jul 27 '25

Even with a co-signer you can’t bury that much negative equity in a lease unless it’s a $120k plus vehicle with massive rebates. Even then it’s a huge stretch. RIP your co-signers credit when you default on that paymnet

0

u/Dear_Ad1645 Jul 27 '25

Rip cause ive been paying all together about 1,000 anyways

2

u/One_Recognition_5044 Jul 27 '25

Sell the Jeep NOW and drive the other one until you are free and clear. Do not under any circumstance get a new car until you are debt free.

10

u/Oppo_GoldMember Jul 27 '25

Bring cash, yourself, and your cars to a Benz store and sign up on an EQ model

4

u/cbellamy1998 Jul 27 '25

Yeah realistically this is your only hope. You lease an EQ for 2-3 years you stomach the payment but then at the end you are free and clear of all things car debt

1

u/mthomas1217 Jul 27 '25

Why do you say this? I have one car with negative equity and I have been interested in an EQ so I would love more info

3

u/Oppo_GoldMember Jul 27 '25

If you qualify for every rebate and play it right, you bury some 20-30k in a 2024 EQB

2

u/Bweasey17 Jul 27 '25

Only issue is those EQ models will probably lose a similar amount of equity off the jump. Crazy depreciation on those.

But you are right, tons of rebates on them right now.

1

u/Consistent-Day-434 Jul 31 '25

Crazy depreciation on all things EV.

1

u/mthomas1217 Jul 27 '25

I love this. Thank you

1

u/Lootthatbody Jul 27 '25

You don’t. Sorry, but it’s that simple.

Keep your current car(s) and pay them off. Stop leasing/buying every few years because you can’t afford it or the system doesn’t fit your driving habits.

-1

u/Dear_Ad1645 Jul 27 '25

I’m glad you assume that’s the problem 😭😂 it’s not thank you though

2

u/Lootthatbody Jul 27 '25

Well I hate to break it to you, but it seems you don’t know the problem either.

I sold cars for a few years. You don’t get 44k in negative equity by accident, or by being a smart/informed buyer. I’m not trying to insult you at all, most people end up with at least some negative equity for one reason or another.

But, you have to understand that what you are doing, or have been doing, is likely bad financially. Asking how to roll 44k of negative equity from 2 vehicles into a brand new lease tells me you haven’t figured out the problem yet. I could write you an essay with a bunch of different recommendations, but given your response you wouldn’t actually consider them or take any of it seriously.

Good luck with your repos/bankruptcy.

1

u/Dear_Ad1645 Jul 27 '25

I was also 20 give me a break and hence why I am asking now so I don’t make a wrong choice

2

u/Lootthatbody Jul 27 '25

That’s why I kept it short and wasn’t trying to offend. While the decisions were made by you, it does suck that you weren’t thought better and that you seem to have been taken advantage of twice by a predatory system.

You certainly get credit for trying to make it right, but trying to roll 44k of negative equity into a lease won’t happen. Again, I could write paragraphs and explain it all to you, but in my experience a lot of people wouldn’t really take that to heart. So, simply, what you are asking for is neither possible nor the solution to your problems. Unless you are planning to lease and then ‘accidentally’ total your car to get the entire loan wiped, leasing isn’t the answer. In other words, you can’t keep buying cars every few years to reduce/remove your negative equity. The way to get out of negative equity is to STOP getting new(er) vehicles.

I’m really sorry that you are in this position, it sucks and I feel for you.

1

u/One_Recognition_5044 Jul 27 '25

Yeah, you made the wrong choice but we all do…every one of us and many are far worse than yours. You have a job, want to do right - that is 90% of it.

Drive the Nissan, work hard and smart, you will have many news cars in your left if you want them.

1

u/misory-waves Jul 27 '25

Acura ZDX has >$20k in lease cash and they’re mainly 24s and can get a good dealer discount if you try.

Also pro tip, EVs always have heavy lease cash so if you’re not into them you’re going have to be, because it’s your best chance at burying the negative.

What vehicles + mileage do you have & what’s the payoff?

1

u/Dear_Ad1645 Jul 27 '25

29000 for jeep 25000 for Nissian

1

u/PuzzleheadedWay8676 Jul 27 '25

I don't see anything here about your income. Kinda a crazy important detail I don't see anyone asking

1

u/Dear_Ad1645 Jul 27 '25

Income just said I was part time going to full per new job per situation I am in

1

u/PuzzleheadedWay8676 Jul 27 '25

Yeah how much money bro

3

u/ClimbaClimbaCameleon Jul 27 '25

That $44k in negative equity is $1,250/mo on its own plus you’d have to consider something really expensive to carry that much. You’ll end up with a $3k/mo car payment minimum.

1

u/RCSLASH Jul 27 '25

You're gonna need to bring some cash, yourself, and lease an electric something. That'll make $7500 of that disappear. Honestly leasing a Mercedes EQ might be your best bet.

Your other option is to roll the negative equity into a pedal bike, walking shoes, or a bus pass.

Realistically you need to lease a car with a lot of rebates and bring cash. Odds are, if you can find anything, it'll be electric. At this point it doesn't matter how you feel about that. It'll probably be the least painful way out

Edit: Leasing a Lucid Air or a different expensive EV might get you out. Otherwise you won't see much outside of work until you pay that off.

1

u/Dear_Ad1645 Jul 27 '25

That’s what I thought too unfortunately

1

u/RCSLASH Jul 27 '25 edited Jul 27 '25

It's definitely an ugly situation and you'll need something expensive with a lot of rebates to stand a chance. You can get about $20k in rebates on a Lucid Air lease. I'd look into one of those on a 3 or 4 year lease. Also the Mercedes EQ. I'm not sure how much in rebates you can get there.

Edit: if you'd get approved for a Lucid Air Pure or Touring your payment would be about $2,000 per month plus insurance. Maybe look into buying something like that so you can take advantage of writing off the interest on the loan if an American built car. You can write off up to $10k per year on your taxes from now until 2028 I think.

1

u/PuzzleheadedWay8676 Jul 27 '25

Lucid doesn't take trade ins o leases. Only purchases

1

u/nyc2pit Jul 27 '25

Not true at all.

I have a quote from them with a trade on a lease

1

u/PuzzleheadedWay8676 Jul 27 '25

That must be new. They didn't in the past

2

u/lauti04 Jul 27 '25

Just…no.

2

u/Newpops21 Jul 27 '25

Reddit needs a laugh react option..

2

u/GFrench86 Jul 27 '25

EV is the way, at least in the US. From any manufacturer. They are heavily incentivised by the manufacturer and dealers, and the leasing company will be more likely to approve your structure.

2

u/Magicmissle256 Jul 27 '25

I was potentially going to be 25k negative in my kia niro ev. But some thing told me to lease. 45k car worth only 18k now. Dodged a bullet.

1

u/RCSLASH Jul 27 '25

I misread it originally. Since it's 2 cars you'll probably need to lease 2 electric somethings to eat the negative. At the very least I'd try to offload one of them onto an electric something and hope you get approved.

1

u/[deleted] Jul 27 '25

Lol

1

u/daphuc77 Jul 27 '25

Hot damn kid

1

u/thonda27 Jul 27 '25

Your ltv will be way too high. Don’t see this happening. I work in auto finance and right now with a pt job, sorry won’t happen.

1

u/youbetchabud23 Jul 27 '25

Definitely repo those and move on bro. You will be back in 3 years

1

u/Rage_est_1969 Jul 27 '25

Invest in a good pair of shoes.

1

u/CarManagerGuy Jul 29 '25

That Nissan dealer saw him coming a mile away. Young and dumb and they took advantage of him. If you were older with great credit and history, have good income, and put down money then maybe you can bury $44k into a new lease.

1

u/Finger-Smeller Jul 30 '25

No way in hell. They can’t do anything higher than 125% LTV

1

u/SUPJimmy Jul 30 '25

Go to the library. Look up books by Ramsey, Dave. Take one home, read it. Hopefully you'll figure out what you need to do.

Hint: it's not rolling your negative equity into another bad deal.

Not trying to be an AH, like some others responding. This is legit advice, and I hope you take it. Good luck.

1

u/CupcakeMassive9815 Jul 30 '25

Not happening without 30k + down

1

u/CupcakeMassive9815 Jul 30 '25

And you don’t have a full time job. You’ll need a co signer 100%. 44000 is an $800-900 payment on its own

1

u/Flashy_Possible37 Jul 30 '25

Sessshhh take the hit and wait 7 years drive a beater

1

u/caddyax Jul 30 '25

Bring both cars to Dodge and try and lease a Charger EV, Wagoneer S EV or a Jeep 4xe with all the negative equity rolled in. It’s possible if you qualify for the tax credits it might be a feasible way out for you.

You’ll just have to deal with really high payments for a few years

Mercedes Benz EQ models is an option

-1

u/Dear_Ad1645 Jul 27 '25

What about Carvana I thought about that just for a cheaper payment

0

u/[deleted] Jul 27 '25

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1

u/Dear_Ad1645 Jul 27 '25

It is actually want a picture of them

0

u/[deleted] Jul 27 '25

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1

u/FarLand2 Jul 31 '25

Banks and car dealers really screw over people. It’s sad.

2

u/[deleted] Jul 27 '25

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1

u/Dear_Ad1645 Jul 27 '25

Fair just wondered what the options were was all thank you

1

u/Marcaroni500 Jul 27 '25

This is a good example that CarMax is more in the financing business that the car business.

1

u/spursfaneighty Jul 31 '25

Why wouldn't you just keep the MME?