Sentences with phrase «underwater on your car loan»

Not exact matches

Longer - term financing contracts, and the resulting increase in consumer debt, also meant more owners were «underwater» — that is, they owed more on their loans than their cars were worth.

My salary is $ 73k, I have virtually credit card debt, no car payment, $ 3,000 in savings, a fixed - rate mortgage on a townhome near Seattle that is underwater like everyone else's, and a student loan payment for my Masters degree.

GAP protects you during periods when you are «upside down» or «underwater» in your car loan, meaning you owe more on your car than it is worth.

Evidently, my accumulation of stuff over the years (including lease cars, an underwater mortgage, student loans and a HELOC) was a negative drain on my net worth figure.

These types of loans often leave borrowers underwater and owing more on their loan than their car is actually worth.

An underwater trade - in refers to a used car whose market value is lower than the current auto loan balance on that vehicle.

The Upside Down Car Loan is One Of Our Customer's Biggest Challenges You can say you're «underwater» or «stuck with negative equity,» but whatever you call it, the situation is the same: You owe more on your vehicle than it is...

You can say you're «underwater» or «stuck with negative equity,» but whatever you call it, the situation is the same: You owe more on your vehicle than it is actually worth, and that means you have an «upside down car loan.»

If you're tired of being underwater and just want to sell your car, some experts advise making extra payments on your loan to pay it off faster.

This could leave you underwater, meaning you don't have enough money to pay off the loan balance on the totaled car.