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Upside Down on Your Auto Loan?

Saturday, March 7th, 2020

Upside Down on Your Auto Loan?

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Also it is still possible to have negative equity in your vehicle if you have taken out an auto loan, diligently made your monthly payments and stayed on top of your financing.

Negative equity, also known as being “upside down” on your own loan, means you owe significantly more than the car is currently worth. You know what! This takes place on a regular basis to responsible, hardworking people, and it is really more prevalent than you probably think. (more…)