AUTO LOANS
TAG: AUTO LOANS
Your EV’s Negative Equity and Being Underwater
Being “underwater” with your car means you owe more on your car loan than the actual value of the car. It means that if you were to sell the car, the amount you receive would not be enough to cover the remaining loan balance. This can happen if you financed your car with a high-interest...
REPO MAN COMETH?
Interesting thread on Twitter by Car Dealership Guy (CEO of a car dealer group who remains anonymous) regarding the current and forecasted look at cars/costs/loans/depreciation since that inflated valuation frenzy. He predicts a wave of repossessions happening within this half of the year. *this includes both EV and ICE Vehicles. Generally speaking, this scenario is...
