What you should do if You Have Negative Equity

What you should do if You Have Negative Equity

This is certainly called negative equity, or being “upside down” on your loan.

There is actually nothing incorrect with this particular – if you intend on maintaining the vehicle and paying down the loan.

But there are occasions once you might want to trade right into a new vehicle before the mortgage is fully paid down.

In cases like this, negative equity becomes a big issue.

You may have experienced adverts where dealers claim they are able to trade you from your car “no real matter what your debt”.

They might be in a position to trade you from the car, but just what they don’t really inform you is you owe that you will still have to pay off whatever.