It is still possible to sell your vehicle even if you owe more than the value of your vehicle. This is called ‘negative equity’ or being ‘upside down’. In many cases, customers with negative equity are able to trade into a different vehicle and carry the negative equity into the new finance term. This way, you avoid paying for the negative difference and you take advantage of the tax savings allowed when trading in a vehicle. Or, you may want to just sell us your vehicle anyway in which case the negative equity amount would be paid to the dealership. This leaves you paying the difference but gets you clear of the vehicle ownership and financial liability of making payments on a vehicle you no longer want or need. Either way, Lexus of West Kendall is willing to help you through negative equity situations.