What's the fastest or easiest way to get rid of negative equity on a car loan for a Nissan Rogue?
I have a significant amount of negative equity on my Nissan Rogue. How can I get rid of it—or at least break even?
If you want to get rid of negative equity on the car loan for your Nissan Rogue, you have a variety of options. It takes a little extra planning and effort now, but you’ll thank yourself in the long run. You can:
- Pay a lump sum once every quarter
- Make principal-only payments
- Double up your payments each month
- Round your payments up to the nearest $50 or $100
Try one or more of these strategies to speed up the process of paying off your debt. Once you break even or gain positive equity (owing less than the value of your car), you have the option to refinance your car and enjoy lower rates.
Want to save on your car insurance in addition to your car loan? Use the Jerry app. As a full-service insurance broker, Jerry allows you to compare quotes from top providers and switch in-app to get the best rates without the hassle.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Can I move my car loan to a different lender or bank?
I'm not satisfied with the customer service I'm receiving at my current bank, and I'm looking at switching to a local credit union. Can I move my car loan elsewhere?
Oct 19, 2021
What are the steps to get a better interest rate on a Ram 1500?
I entered into a loan for my Ram 1500 hastily—now I’m stuck paying a high interest rate. Can I get a better interest rate, and if so, how?
Oct 20, 2021
What's the best way to reduce my car loan rate for my 2017 Kia Optima?
Interest rates have fallen since I bought my Kia Optima and began my loan payments. Can I reduce my car loan rate—if so, how?
Oct 20, 2021