What to Do When You Owe More on Your Car Than It’s Worth – Quoted

what to do when you owe more on your car than what it's worth

What to Do When You Owe More on Your Car Than It’s Worth

 

How do you get out of your car loan?

Want to trade your car in after 3 years but you financed it for 6 years?

Did your life change considerably since you bought your current vehicle, and your needs require a new car?

Wanting out of a vehicle loan when more is owed on the vehicle than the vehicle is worth is actually really common.

The Folks at Quoted explain this perfectly.

 

First, a simple definition: a negative equity car loan—also referred to as being “upside down” or “underwater” on a loan—means you owe more on a vehicle than it’s worth, and it’s a more

Source: What to Do When You Owe More on Your Car Than It’s Worth – Quoted

1 Comment

  1. I think you have listened to Deal Talk podcast, what a compliment
    I in turn also read your blog.
    If you lived closer we could do a joint podcast about the auto business, it would be fun. Have a great dat

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