Thanks for the info Cord, I was curious if anyone had ever heard of going through this process. I would roughly have about 10k to roll into a new deal so now I know that it's highly unlikely for it to happen but not impossible.
It seems to me that you have a history of doing basically the same thing and were very unhappy with the results LAST TIME. Now you want to roll a super-negative equity loan into a new car deal at 0% interest?? I think the dealer would have to be world-class desperate to even consider it.
I'm not sure where you are getting "i have a history of doing basically the same thing" when my purchase of the Caliber was the ONLY time I've ever had a trade in on a vehicle. To have a history of doing something would be doing the same mistake more than once no? I have made a crummy deal and have asked for help here and with your "LAST TIME" comment I can only assume that as an attack on someone that really doesn't know a lot about this sort of thing and I don't see how your comments could be thought to be constructive. A simple "I don't think you would get it" would have sufficed.
Can you wait until you are no longer upside down on the loan? Then you can start off fresh...
I'd love to, but the 0% financing has me crunching numbers in attempt to save money on a poor deal. If I did manage to finagle a deal like this I would save close to $5000 in interest - hence you can see my interest in trying to do something like this.
