You might be able to, but it doesn’t always make sense.
Negative equity happens when the value of an asset, like a car or home, is less than the remaining balance on the loan used to buy it. This is also known as being “underwater” or “upside down” on a ...
Learn what it means to be upside down on a car loan and how it can happen. This video explains the risks and steps buyers can ...
Negative equity is hitting record levels as more U.S. car buyers trade in vehicles they owe more on than they’re worth.
If a person owes more on a car than it’s worth, they have negative equity or are considered underwater on their auto loan. Equity for vehicles equals trade-in value minus the loan balance. Let’s say ...
Negative equity in old cars being traded in for new cars is at an all-time high. According to a new study from Edmunds, 24.2 percent of trade-ins have negative equity, and the average amount of the ...
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for ...
What happens if your car has negative equity? A viral video lets people know that sometimes your car is worth less than the amount you owe on your auto loan. The car in question, a Kia, had a ...