Shawn Ryder
JANUARY 17, 2025
Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.
Market Doctors
FEBRUARY 21, 2024
Here are some tips to help you emerge with a great deal: Know Your Numbers: Do your research to understand the fair market value of the vehicle you’re interested in. This knowledge will provide you with a solid foundation for negotiating and prevent you from overpaying.
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Car Examer
NOVEMBER 5, 2024
Buying a used car is a great way to get on the road without breaking the bank, but it still pays to be savvy about the whole process. From setting a budget to negotiating a fair price. Start by researching the car’s fair market value, so you know what’s reasonable for its make, model, and condition.
Shawn Ryder
JANUARY 17, 2025
The Advantages of Using a Credit Union for Financing Credit unions are member-owned financial institutions that typically offer lower loan rates than traditional banks. We will explore the benefits, key strategies, and provide invaluable tips to ensure you get the best deal possible.
Carcloud Auto Group
DECEMBER 9, 2024
Looking for a reliable used car but don’t want to break the bank? So, if you’re ready to hit the road without breaking the bank, keep reading to discover the top 10 dependable used cars for less than $5,000. This will give you a baseline for negotiations and help you identify if the seller is asking for a fair price.
Canadian Auto Dealer
MARCH 1, 2024
It happens enough that the banks won’t fund without it.” It’s a big, big issue, and it will kill deals,” says Lewicki. You might as well deal with it before the question is asked. It’s always an issue to deal with. Even when the incoming dealer is going to lease the land from the outgoing dealer, it’s still an issue.
Car Examer
AUGUST 18, 2024
Know the Market Value: Use online resources to determine the fair market value of the car you’re interested in. Knowing the car’s value helps you recognize a good deal when you see one. Being informed will give you the upper hand in negotiations.
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