<prompt> Human: I currently own a car that is worth only 10500, while I owe 17000 against it. Not ideal, I know. My wife and I just had our first baby and are planning on adding a few more, so I would like to get a larger vehicle that would better accommodate my growing family. The SUV I am looking at purchasing is priced right at 10500, so from my uninformed perspective it looks like it would be wash, with my payments staying the same. One important note is that the SUV I am looking into is out of state and they do not deal in small sedans, so I most likely would have to sell my car in my current state the 10500 listed previously is the cash offer I have received from multiple dealers for my car. This is where I get confused: Should I use that 10.5k check towards the 17k owed on my car, and then try to roll the remaining 6.5k of negative equity towards the new car loan? Or would I be able to take that 10.5k check to the new dealer and pretty much walk away with that car with no additional expenses, and then pay off the 17k remaining as I have been, and was planning on doing, until the end of the loan? Appreciate any feedback.  <response>: Thats not how that works...When you sell your current vehicle, the dealership buys it from your lender since you dont actually own anything yet. The dealership pays the lender 10,500 and you still owe the lender 6,500. You can roll that 6,500 into a new loan, but you may have trouble finding someone to do that since youre increasing the loan by 60 and its unsecured especially for a used car loan. 