5 Car Loan Mistakes That Cost You Money | Bankrate.com



5 Car Loan Mistakes That Cost You Money | Bankrate.com

4. Rolling negative equity forward. "Upside down" is the term used to describe owing more on your car than it is worth. The difference is "negative equity." When a dealer tells an upside-down consumer that he can fold that negative equity into the car financing of the next deal, he means that he will add it to the purchase price of the new car.


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