What you should do Once You Owe More on Your Car Than It’s Worth

What you should do Once You Owe More on Your Car Than It’s Worth

What You Ought To Learn About Your Negative Equity Car Loan

First, an easy meaning: an adverse equity automobile loan—also described as being “upside down” or “underwater” for a loan—means you owe more about a car than it’s worth, and it’s a far more typical situation than you may think.

Through the J.D. Energy Automotive Forum on March 22: almost 1 / 3 (31.4%) of vehicle owners have an equity car loan that is negative. Continue reading What you should do Once You Owe More on Your Car Than It’s Worth