Vehicle loan situation

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Made some fun but poor choices on vehicles as I am in sales and get a car allowance. Looking to lower car note and found a great used vehicle at a much lesser price and would save a couple hundred/month if I bought it. Only 18 months into current vehicle and upside down as checked payout and was supprised how much. Again, my fault but wasn’t sure of best strategy to move forward and curious to know if banks have a limit amount they will roll over into the new/used loan if that makes sense. I have very good credit so any advice is much appreciated.

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Rolling the negative equity into another auto loan is an option. But that tends to lead people into the REALLY bad habit of kicking the can down the road. Plus it's not like the second car is going to go up in value the longer you have it. So your upside down feeling will just get worse - especially if you have to sell #2 before you get it paid for.

You'd have to look at the rates, but maybe look at what a personal loan at your credit union or bank would run vs. rolling the negative equity - then sell car #1. Isolate the poor choice and keep it separate from whatever used car you end up buying. Unless the math (rates) to do that is real whacky, that's what I'd do for psychological, if not $/month reasons.

Well not going to get into specifics about my finances, but I appreciate the responses. Looking at a much cheaper good used car(Toyota) in which I know I could save quite a bit more monthly which would help me get back on track sooner rather than later. Just wasn’t sure if there was a limit rolling the negative balance over.

I made a bad choice like this about 5 years ago. I bought a huge truck and had no business having a huge fully loaded truck. I took it in to trade and was $8,000 upside down.

I was able to justify this because gas was $3.00/gallon and the truck was getting like 14mpg, but I actually traded in truck with 8k upside down and I financed a 40mpg fuel small car that they sold for $5,500. I financed it for $10k *put some money down* and the bank bought it on a 2 year term.

I was free and clear with a paid off car in 2 years, and the gas savings I was getting over those 24 months was damn near the high truck gas payment I was paying alone.

Won't do that again!