It is possible to state you’re “underwater” or “stuck with negative equity,” but anything you call it, the problem is the identical: your debt more on your car or truck you have an “upside down auto loan. than it is well worth, and therefore means” Here is a fairly common situation, especially among new-car purchasers or customers with long-term loans.
For as long as you retain making your repayments, you won’t have an upside down car loan forever. But just what if you choose to offer the vehicle you’re upside down on to obtain an one that is new? Continue reading “Upside Down Car Finance: How Do You Get Right Side Up?”