Owe more than market value on your vehicle?

Fast offers. Free pickup. Easy payments.

Qualified borrowers can finance their negative equity through LightStream at attractive rates!

Follow these steps to apply:

0. Read steps 1-8 below, then click here or the “Apply Now” button below to apply.

1. For “Application Type,” select “Individual Application” if you’re applying by yourself or “Joint Application” if you’re applying with someone else.

2. For “Primary Loan Purpose,” select “Auto Loan Refinance.”

3. For “May we ask how you heard about us?” select “Dealer/Contractor Referral.”

4. Enter your home zip code in the “Zip Code” field.

5. For “Loan Amount,” enter an amount equal to or greater than $5,000. $5,000 is their minimum loan amount. If your negative equity is less than $5,000, you can utilize the excess loan proceeds to pay down your loan when your first statement arrives.

6. For “Loan Term,” enter your desired loan term between 24 and 84 months. We recommend 36 months.

7. For “Payment Method,” we recommend “AutoPay” as you will get a 0.50% lower rate.

8. Click continue to move through the rest of the application.

That’s it! LightStream funds fast. Please contact us when the funds are in your account so we can finalize the purchase process!

We can buy your car and help you finance negative equity in 3 easy steps.

01.

We buy your car at market value

If you can no longer afford your car payment, want to reduct debt, or require a different vehicle for your lifestyle, we can purchase your vehicle with negative equity. Submit your vehicle’s information here.

02.

We guide you on how to finance your negative equity

Once we’ve purchased your vehicle, set up an account with our lending partner here to finance the difference between what you owe and our purchase price.

03.

You pay off your loan

Pay off your original loan, and make convenient payments on the negative equity. The new loan should be smaller and more manageable than your original loan.

Is selling a car with negative equity right for you?

While selling a car with negative equity can be challenging and may not be the best financial decision for everyone, there are some situations where it could make sense. Here are some reasons why you might consider selling your car with negative equity:

You can no longer afford the car payments: If you’re struggling to keep up with the monthly car payments on a car with negative equity, selling the car could help you avoid defaulting on your loan or falling behind on other bills. While you’ll still owe money on the car after you sell it, it may be easier to manage smaller payments over time than a larger lump sum.
You need a different type of car: If your lifestyle or driving needs have changed since you purchased your car, you may need to upgrade to a different type of car. For example, if you’ve started a new job that requires a longer commute, you may want a car with better fuel efficiency. Selling your current car with negative equity could help you finance the purchase of a different car that better meets your needs.
You want to reduce your debt load: If you’re trying to reduce your overall debt load, selling a car with negative equity could be a way to eliminate one source of debt. While you’ll still owe money on the car after you sell it, you may be able to use the proceeds from the sale to pay down other debts with higher interest rates.

It’s important to carefully weigh the potential costs and benefits of selling a car with negative equity before making a decision. Please reach out to us to speak with a purchasing specialist about selling a car with negative equity. We are here to help anytime!