Tips for buying a car when you are upside down on a loan 6 Articles

by Emily Crawford

Being "upside down" on a loan means your car is worth less than you owe on it. Many automobile owners don't even know they're upside down until they go to purchase a new vehicle. According to Edmunds.com, of those wh...read more

by Tenebris

Sometimes, after a serious accident or when it comes time to purchase a replacement car, a car owner will receive a rude shock: as for the first time it becomes apparent that the old car had been worth less than what is st...read more

by Liz Storey

Lumping and Bumping! One of the surest ways to get yourself upside down on a car loan. Its very hard, when you own a car to come to the realisation that you owe more on your car than what it is really worth (being "u...read more

by Mona Gallagher

Would you put your money into an investment that goes down in value faster than it builds equity? It doesn't make sense, does it? Everyone knows that is a poor investment, but that's exactly what some of us do when we b...read more

by kennethfsk

When you owe more money than your car is worth it is referred to as being upside down. So how do you get out of this predicament? The first thing you need to know is that over 75 percent of people who owe money on a car ar...read more

by Jenna Y

I owned a 2002 VW Jetta that I LOVED. Two years after the purchase I made a horrible mistake and refinanced the car with my credit cards financed into the new loan (first HUGE money mistake there). My new car payment was $...read more