Quote Originally Posted by X-Runner
Say you owe $18,000 even, they give you $10,000 even. The car you buy is $7,000. You will owe a total of $15,000 plus whatever fees/taxes. You will be financing $15,000- whatever you put down/they require down.
Yup and you will just be even more upside down than you already are unless you are putting down a huge down payment.