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 ...
If your car's current value is less than the amount you owe, you have negative equity. This is also known as being upside down on your auto loan. When the time comes to purchase a new car, having ...
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?
You might be able to trade in a car with negative equity, but it doesn’t always make sense ...
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 ...