There is a negative equity problem building within the U.S. auto industry. Negative equity is when you go to trade in your car for a new one but the outstanding balance on your car loan is GREATER than the value of your car. You have the option to either write a check for the remaining balance on the loan or “roll” the negative equity into your new car loan. More and more consumers are getting caught in this negative equity trap. Wait until you see the chart of the negative equity trend in auto loans over the past 10 years.....
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
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#autoloan #carloans #negativeequity #debtfree #greenbushfinancial
30 авг 2022
