If you have a high balance on your car loan but the value is less then what's owe and have bad credit, however your income is 2500 monthly can you get out of that loan..And do you have buyout programs.

Dear Gwen. If you have a loan on your current car that is substantially higher than the value, it would be possible to trade the car with the inequity balance as down payment. $2500/mo is enough income to qualify for a car loan.

I don't know, I only owe close to 2300 on my car. They were giving me 6500(which is really 4200 cause of what I owe) for my car and still wanted me to put down 5000 for a total of 9200 on a 25000 car and I make the same a month as you.