To: ken5050
Car loans are underwater the minute you drive off the lot.
12 posted on
03/20/2015 7:24:40 AM PDT by
discostu
(The albatross begins with its vengeance A terrible curse a thirst has begun)
To: discostu
That depends on the down payment..
15 posted on
03/20/2015 7:28:10 AM PDT by
ken5050
(When the GOP takes the Senate, it will tie Obama's hands for two years. How will he play golf?)
To: discostu
You’ll be buried for the next 2 or 3 car loans.
The negative equity follows you to the next loan.
Extended terms used to be offered to only A credit customers because they could usually afford the cash down to counter the negative equity.
21 posted on
03/20/2015 7:31:41 AM PDT by
rainee
(Her)
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