Being upside down on a loan is fairly common, especially if you finance the full cost of a new vehicle. However, negative equity can be a problem if you decide you want a different vehicle or encounter financial hardship and need to switch to something more affordable. When you are upside down on vehicle payments, here are four options to help you overcome negative equity and start fresh:

• Continue Making Payments Until You Pay Down the Negative Equity
• Sell the Vehicle for More than It's Worth
• Refinance at Lower Interest Rate
• Trade Your Car In at Kia of Paso Robles

If you need a new vehicle, we can offer you that same value and roll over the remaining amount into a new or used vehicle loan. This is a great option if you simply don't like your current vehicle or your circumstances have changed, and you need to upgrade or downsize. It's important to think long-term so you don't get into the same situation again down the road. However, you can check our current specials to see if you qualify for any discounts or incentives that can offset the negative equity and help you start fresh.