Quote:
Originally Posted by Dantilla
"build negative equity".
Sounds to me like a sugar-coated way of saying "digging a deeper pit".
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Now, the real idiots are the ones who trade in a car they're upside down on, have the dealer pay off the loan and tack the negative equity onto the new car loan. So, in addition to probably paying full sticker price and getting a high interest rate, you basically have a loan for way more than your depreciating asset is worth even before you drive it off the lot. I hear these commercials on the radio all the time and I'll bet it becomes a lot more common now with people wanting out of their SUV's.