How much of a balance can you roll over into a new car loan?

How much of a balance can you roll over from an old car loan into a new car loan? I have negative equity in my current car loan, but I also want to finance a new vehicle.

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Eric Schad
Answered on Jun 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“There’s no limit to how much balance you can roll over into a new car loan. However, as a general rule, you shouldn’t exceed more than 125% of the value of your car in a loan.
Even at 125%, you’re going to be upside down on the loan for almost the entire duration of the term.
In this case, you may want to pay down more of your current loan before you decide to roll it over into a new one. Or if you can, consider paying a larger down payment.”
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