r/askcarsales • u/Old-Nectarine-4580 • 1d ago

US Sale Total Loss Neg Equity

Hello. Kinda in a situation. I got into a car accident and totaled my car. My gap coverage expired and now I have a $7000 balance I’m stuck with. Can I roll the negative equity into a new car loan without having a trade in due to the total loss?

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u/bsizzle_99 Lender Sales 1d ago

Potentially yes. The more you roll the harder it is and obviously makes your new purchase expensive. Maybe target an EV lease or a different big incentive lease.