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Negative Equity on Auto loan
So I have negative equity on my 2012 Kia Forte. I owe $15000 on this car, but its worth $8000. I want a 2016 Toyota Corolla which is around $19000. Should I just refinance my loan. Ok, I'm paying $408 per month with a 13% rate. So, I'm looking to lower my rate and monthly payment. I was told I need to put $7000 down. I need some advice here!! I feel lost!!!

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