Negative Equity on Car Loans Worsens
Here we go again with more bad news about negative equity on car loans. This is from Auto Blog. It says negative equity on car loans just keeps getting worse. This is a very serious problem with vehicle financing. More and more buyers, more and more owners, are owing more on the vehicle than it’s worth—and not by a little bit, but by a long shot.
Expert Consultation on Vehicle Financing
If you have a vehicle that has negative equity, make sure you find a way to get rid of that. Don’t put it on your new car. Don’t try to roll it over to a new loan. You’re just going to be more upside down on that new loan. A car short sale is one way of doing it. You can also look at other options for resolving your negative equity.