Shawn Ryder

JANUARY 17, 2025

When purchasing a new vehicle, it’s not uncommon to come across the term “negative equity.” 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.

Down Payment 52

Down Payment Gap Insurance Fair Market Value Finance 52

Market Doctors

FEBRUARY 21, 2024

When exploring different options, consider factors such as fuel efficiency, safety ratings, long-term reliability, maintenance costs, and overall performance. Taking the time to thoroughly evaluate the vehicle during your test drive can give you valuable insights into its performance, reliability, and long-term suitability for your needs.

Finance 95

Finance Fair Market Value Repairing Term 95

Carcloud Auto Group

DECEMBER 9, 2024

Another advantage is the lower insurance premiums associated with used cars. Typically, insurance costs are based on the car’s value, so a less expensive vehicle will often come with lower rates. Start by researching the fair market value of the vehicle using online resources, such as Kelley Blue Book or Edmunds.

Fair Market Value 52

Fair Market Value Finance Repairing Banking 52

Your Car Buying Advocate

JULY 31, 2023

We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. MSRP and Invoice Price Let’s start by learning two important terms: MSRP and Invoice Price. In today’s market, dealerships are adding markup’s.

Finance 52

Finance Pre-Qualify Deal Dealerships 52