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. Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth.
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