Negative equity in car – cover with down payment or use for newer vehicle?
Shawn Ryder
JANUARY 17, 2025
.” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. These losses can sometimes outpace the rate at which car owners pay down their loan balances. Should You Use Your Down Payment to Cover Negative Equity?
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