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| Articles about Negative Equity |
| Owe Too Much On Trade - Negative Equity - Upside Down | | 2008-06-17 21:59:00 | | Everyone that has ever purchased a car and traded another that there was a balance on has heard one of these phrases. "You are Upside Down," "You have Negative Equity," "You owe more on your Trade than it is worth."Let me first explain what Negative Equity is and how to help reduce this Upside Down aspect of a car deal. Negative Equity is simply owing more on your Trade than it is worth. When you trade with Negative Equity, you are obviously going to have Negative on the next Trade In. It is a ripple affect that keeps following you. You had $3000 negative on your trade, now you have $8000 negative the next time, etc...Also, let me say, you are NOT alone! We are in an age when nobody wants to put money down, and wants the lowest payment possible--stretching their contract out to 72 months and even 84 months with some banks.The VERY FIRST thing to make sure you eliminate some negative is to MAKE SURE you get the best deal possible on the car you are buying. You have to visit Yahoo! Autos... | | By: Car Buying Tips To Save You Money | | |
| | Negative Equity; Trading a Car When You Are Upside Down! | | 2007-03-22 03:50:00 | | Upside Down is Dealership slang for Negative Equity. Who has it? Just about everyone, even dealership employees, so dont feel bad. It is just a fact of life, cars depreciate. When you drive a car over the curb it loses value. If you buy from an individual, it still loses value. The only way to keep from being upside down is to:1. Put Money Down2. Pick a shorter term to finance; 48 months instead of 603. Do not Trade Too often4. Make Sure You Get a Good Deal, Get Your FREE Quote!These are just a few ways to avoid negative equity. Another one is to lease your vehicle. Some say, buy what appreciates and lease what depreciates. You lease for 3 to 4 years and get the best life out of the vehicle, turn it in, and lease another. Why worry about ever owning it. If you do own the car, it is worthless by the time you are through paying for it.Check out More Car Buying Tips To Save You Money:Buying Used Versus NewUsed Car Buying TipsNegotiate Your Best Car DealGet Your New Car Quote Fre... | | By: Car Buying Tips To Save You Money | | |
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