When the time comes to upgrade your car, trading it in at the dealership is usually the best option. Trading allows you to offload your current vehicle, while reducing the financial burden of your next purchase, in a smooth, convenient,… Read More »Money Advice: 7 Tips to Maximize Your Car’s Trade-In Value and Get the Best Deal
Trading in your car at a dealership is a popular option for individuals looking to sell their old vehicle while simultaneously purchasing a new one. While some may consider private selling or other alternatives, trading in at a dealership offers… Read More »Trade In Advice: Convenience, Savings, and Safety
Following from Part 1 of a two-part series on Negative Equity, below we review some solid strategies to overcome the tough situation. For an overview of what negative equity is and how to calculate it, check out Part 1 using… Read More »Understanding and Overcoming Negative Equity (Part 2)
Negative equity, often referred to as an “upside-down” car loan, can be a very challenging situation for many car owners. It occurs when the outstanding balance on an auto loan exceeds the market value of the vehicle. For example, if… Read More »Understanding and Overcoming Negative Equity (Part 1)
When considering trading in your car for a new one, understanding the concept of positive equity is essential. Positive equity arises when the value of your trade-in vehicle exceeds the remaining balance on your auto loan. For example, if the… Read More »Positive Equity: Value and Flexibility in Your Happy Car Deal