Owing more than your trade is worth is a common scenario for car shoppers. "Upside-Down", "Negative Equity", "Under-Water", "Flipped", they are all commonly used terms for describing the this situation. Many shoppers have given up the search for a new vehicle when they find out they are upside down, but I would recommend not giving… Continue reading Should I Still Buy if I Owe More than My Car is Worth?
Don’t give up just yet. Being “upside-down”, “underwater” or having “negative equity” is more common with trades than ever, and will rarely stop you from purchasing a new vehicle unless you are drastically upside down. Common reason shoppers have vehicles that are worth less than what they owe include: Vehicles have significant depreciation when you… Continue reading What If I Owe More Than My Car Is Worth
Whether you want to predict your new monthly payments or how much you will spend overall, I always recommend starting with the trade in. Understanding your current vehicle trade value and payoff is just as important as researching the sales price of your future vehicle. Luckily, there are a few new resources, such as… Continue reading Where to Start With My Trade In