Looking at Trading a 2011 Ford Fusion with 80k miles for a 2015 Jeep Patriot with 30k miles. Transfer 3k negative equity? Good idea or bad?

Looking at Trading a 2011 Ford Fusion with 80k miles for a 2015 Jeep Patriot with 30k miles. Transfer 3k negative equity? Good idea or bad?

If you have no mechanical problems with Fusion I would keep that, I have 2009 Fusion with 50k miles and just passed MOT, only you can decide.

Do it if you can afford it.

It's never a good idea to rollover negative equity. You will be upside down for a long long time.

$3000 would instantly be $6000+. Very bad idea.

If you could even get approved.

Umm.

Awful idea.

You are broke and in the hole, quit digging.

This is a very bad idea on at least two levels.

One, you can't get out of debt by adding to your debt. Two, the Jeep Patriot is a far worse vehicle than the Ford Fusion.

Forget it.