What’s an Upside Down Auto Loan?

What’s an Upside Down Auto Loan?

Being upside-down is great when titlemax title loans houston, tx you are for a roller coaster, yet not much enjoyable whenever trying to repay a car finance. Being upside-down on car finance ensures that you owe additional money from the loan than your car or truck is really worth. Does it seem impossible? Unfortuitously, it really is a fairly effortless situation to grab yourself into.

Depreciation is Your Enemy

Are you aware that a brand new car loses 10% of the value in the 1st thirty days of ownership, 20% in the 1st 12 months, and 10% more every year from then on? Continue reading “What’s an Upside Down Auto Loan?”