Upside down car and truck loans have become the norm, but you’re in a position that is unique change this trend.
2016 had been a bad 12 months for trade-ins. 32% of most trade-ins toward the purchase of a car that is new under water, in accordance with Edmunds. Easily put, one-third associated with clients purchasing from your own dealership probably have actually negative equity on the trade-ins, meaning they owe more about the mortgage compared to automobile will probably be worth. Continue reading