Car Refinancing question! So me and my now ex boyfriend are on my car title/loan wise., Im about 5K upside-down on it.Car Refinancing question! So me and my now ex boyfriend are on my car title/loan wise., Im about 5K upside-down on it. I want to separate myself as much as possible from this man. Should I just trade it in and deal with the negative equity on a new loan so I have 1 payment at a more than likely lower interest than I have now (7%, but my mom is willing to co-sign with me on a new car and she has legitimately perfect credit) or try to pull a personal loan for the upside down part and then refinance the car and have 2 payments of which their interest rates I have no idea how they'd turn out? I have zero emotional attachment to the car and frankly want a slightly bigger car. Any advice welcome! I can technically afford the payment at its current rate, I just don't want to end up with an asset that's helping him too (yes I know that sounds petty, we just ended really badly and I've already helped him enough financially) Thank you TBM family!
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