Best answer from question by Josh:
Answer by Mark B
Only way to find out for sure is to ask. I’ve personally never had a loan with them, and just don’t know much about the financing side of things.
Chances are, they won’t refinance it, and it’ll be hard to find anyone who will be willing to refinance it with you owing more than it’s worth (in the industry, this situation is called being upside down in the car), which seems to be more common these days.
Whatever you do, wait until you owe less than the vehicle is worth before you buy another vehicle (unless it’s beyond your control, such as a total loss). Car dealers will trade, rolling over the amount over what the car is worth onto the new car. This is a vicious cycle to get caught in, and I’ve seen people who have had done this 3 or 4 times, and owe way more than the car is worth driving it off the lot.
Even better, drive it until it’s completely paid off, and once you get it paid off, drive it a little longer and save some money to put towards your next car so you don’t have to finance so much.
Best answer from question by Josh:
Answer by alfredb1979
Not gonna’ happen unless you have a $ 5000 down payment in cash upfront to show them first.