MIdway Nissan 5k Upside down W/5k down. Where'd it go? Phoenix Arizona

17000 for scion.

3500 down in cash.

1500 in trade for truck which left 1000 on truck loan.

3500-1000 because you had a loan value.

17000-2500=14500

14500 + loan fee, + taxes, + title/license/delivery/anythingelse fee...

I seriously doubt your loan was for less than 16500, if not 17500 after you paid all the taxes and fees that go with buying a car.

You don't have the loan papers with you? Are you kidding with that? So if the bank decided you signed a 20 year 30% interest car loan you have no paperwork to say that's not what you signed?

Please go to the following link I cannot be a judge you be the judge. Click on each one of these. After you go to the link below look at all of these different cases. I would love to know your thoughts.  Go to the link below. Click on each one of the links I could only wonder what you think. 

1.Car dealers do fraudulant loans all of the time I'm not saying this dealership has done that.

2. Car dealers prevent consumers getting Safety recalls.

3. Car dealers do what's called payment packing. In other words they sell you stuff that they've never ask you if you want to buy and stuff it inside the deal

4 Many cards do you feel to pay off the customers trade in that increase their profits substantially. Now go to the link below.

 First of all rolling any negative balance into a new loan is about one of the worst things you can do. 

Next, a rule about cars.  With very rare exception they are NOT an investment and you can guarantee that you will NEVER sell a car for more(or even the same price) that you bought it for.  Some cars hold their value better..but they will all be less.  Where it is quite possible that in 4 1/2 years a car could loose over 1/2 it's value.

Now, as near as I can figure you are 4 1/2 years into this loan and it is probably a 6 or 7 year loan(both of which are also mistakes and very unwise ideas).  Where if you have a $7,000 discrepancy between where you THINK you should be and where you are...there are things you need to know.

So you need your loan contract.  What does it show as the total financed?  Does it show the correct down payment?  Could you have perhaps had a higher payoff than you thought?  What is the Interest Rate, what is your monthly payment, what is the length of the loan?  All of those things will go a long way toward answers.

Another important thing to know is during this loan have you ever been late, delinquent, reposessions, or asked for any sort of assistance(such as a deferment).  As if you have that could affect your loan balance in a significant way.  Depending on several factors, one delinquent payment at the beginning of a loan could almost wipe out several months of payments as you carry that through the life of the loan.