Turn Negative Equity into a Lease: Smart Guide for Better Deals
Facing negative equity—owing more on your car than it's worth—can feel overwhelming. But don't despair! With a strategic approach, you can leverage this situation to secure a better deal on your next vehicle, whether through leasing or financing. This guide provides actionable steps to navigate this challenge successfully. Understanding Your Underwater Car Loan Negative equity occurs when your car loan balance exceeds your car's current market value. Common causes include high interest rates, lengthy loan terms, and the rapid depreciation of vehicles....