You might be able to trade in a car with negative equity, but it doesn’t always make sense ...
Negative equity happens when the value of an asset, like a car or home, is less than the remaining balance on the loan used to buy it. This is also known as being “underwater” or “upside down” on a ...
Learn what it means to be upside down on a car loan and how it can happen. This video explains the risks and steps buyers can take to reduce them. How can smarter financing protect you over time?
If a person owes more on a car than it’s worth, they have negative equity or are considered underwater on their auto loan. Equity for vehicles equals trade-in value minus the loan balance. Let’s say ...
Negative equity in old cars being traded in for new cars is at an all-time high. According to a new study from Edmunds, 24.2 percent of trade-ins have negative equity, and the average amount of the ...
Car Pro Show host Jerry Reynolds has tackled the topic of being upside down in your vehicle - when you owe more than it's worth - on his FAQ page and has repeatedly warned of the dangers on the Car ...