Sunday, April 28All That Matters

If you’re “upside down” or “underwater” on your car loan, it means you owe more on the loan than the car is worth. This situation is also called having “negative equity” in the car. In a down economy, you may find your car is unaffordable and want to get out of it, but you’re upside down on a loan.


If you’re “upside down” or “underwater” on your car loan, it means you owe more on the loan than the car is worth. This situation is also called having “negative equity” in the car. In a down economy, you may find your car is unaffordable and want to get out of it, but you’re upside down on a loan.




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