upside down loan

[cstar33]

I have an upside down loan and an outrageous interest rate. When i tried to refinance my bank said i needed to get my loan down before refinancing. The problem is I'm strapped for cash and I really don't have anyway of doing that. Are there any other options for me? I also need to get a new car. (used ofcourse) I just know that my car is going to need work and it's not worth the cost to put into the car. So I'm not sure I will be able to add the balance of this loan onto a new loan. Any help out there??

[soccrstar]

Originally Posted by cstar33

I have an upside down loan and an outrageous interest rate. When i tried to refinance my bank said i needed to get my loan down before refinancing. The problem is I'm strapped for cash and I really don't have anyway of doing that. Are there any other options for me? I also need to get a new car. (used ofcourse) I just know that my car is going to need work and it's not worth the cost to put into the car. So I'm not sure I will be able to add the balance of this loan onto a new loan. Any help out there??

not enough information...

How much do you Owe?
What the make and model and year of your current car?
what is the interest on your current loan?
how many miles is on your current car?
who is your loan through now?
how long have you had the loan for?
how long is the loan for?