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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

” 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. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.

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AI-Assisted Vehicle Valuation: A New Era for Trade-Ins

Shawn Ryder

Vehicle valuation is the process of determining the fair market value of a used car, taking into account factors such as its age, mileage, condition, and demand in the market. This information is crucial for both buyers and sellers, as it helps ensure a fair price is paid or received.