Trade in car but 7 grand upside down?

I have a 2012 ford fusion that I owe 19k
on but it's only worth around 13k.
I'm looking at trading it in for a 2014 chevy silverado. Sticker price on that is 40k but they have 11k on rebates so we'd end up paying about 29k plus tax, title, and license. Kelley Blue Book says this truck is worth about 30k for private party value.
Would this work in getting rid of that negative equity?

Since it is Saturday we didn't talk numbers or anything yet but i'm guessing/estimating all together with interest after they finace it we'd be paying about 39,000 if our notes are about 550 with an interest rate of 9%, which is way more than blue book so does that mean we'd be upside on this vehicle too?

Any help or explanation would be appreciated.

Even if a lender would allow that much negative equity on to a new loan (they won't), you would go from being $7K upside-down* to being over $12K upside-down, all with the stroke of a pen.

There's no magic way to get rid of negative equity. It doesn't just disappear, it's added back into the loan somewhere.

* - Dealers don't use KBB or any other consumer online source to value their trades… They use Manheim auction values. So, your $7K figure may be off.

The only way to get rid of the negative equity on the Fusion is to put $6k into your payments immediately. That gets rid of the negative equity.

I'd like to know where you came up with a $550/month payment. At 9% on $39K, for 72 months, your payment is going to be more like $700/month. Can you afford that?

No dealer will "roll" $7K of negative equity into a new car loan. Therefore, you'll have to come up with about that amount as a cash down payment to get into another car.

Not going to happen unless you have the cash to cover the negative equity. The LAST thing you need is a bigger loan than you have now. You are digging a hole that could take years to climb out of.

No way you are rolling over $7k or $5k or even $3k.

$1-2k maybe if you have great credit.

You need to pay on this car another 3 years before you stand a chance.

Or cough up $5000 in cash.

Foolish mistake. Your financing. You owe 19k plus plus interest, your planning on buying the truck for 29k plus interest. There surely is an early payoff penalty on the car, but your not getting 13,000 trade in for it id guess so your gonna lose another 2k. Your looking at more than likely 50,000 to pay the truck off and 7 yrs. I didn't run the numbers, just guessing.

9% is way too much for interest. My bank is getting around 3 or 4% on new car loans. You need to just keep your car until you have it paid way down. Right now you are just digging yourself a big hole that is going to be impossible to crawl out of.