Negative Equity: How much can I Finance with the balance I have? (2023)
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- Опубликовано: 18 сен 2024
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how to handle negative equity
Good video… but you forgot one thing…. If the person has 5,000 negative equity they can find a cheap car that been discounted $5,000 from the market value and then they can roll it in..
If that's the case will that not require money down? Imm in this situation and curious
Best idea. Keep the car you have and pay it off
Thanks dude great info
I enjoy watching your videos, Do you have any tips on how negotiate either a lease or Finance a 2024 Toyota Grand Highlander? Currently leasing a Regular Highlander, the lease ends in October of 2024 and I currently have a contract balance of $34,600 but the car is valued at $40k any help would be appreciated. Thank you.
I still got the OG shirt Ari 😎
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Okay I have a car I owe 9 k I went to jail I got 6 k behind I can’t get 6 k rn to pay it upfront but I need to get something to get to work I do have a good job I just need a fresh start to pay on my car without waking up and my car being gone what can I do I found it hard to find a video where someone is in my position
Question. If I refinance my current loan from a lender to a personal loan of the same amount but just get a lower interest rate, Do I now owe for 2 different loans? Or does the New personal loan automatically cancel out the original from the lender?
I have a bout 22,500 left on my principal with an Apr of 21% If I payed the entire loan duration I would be paying about 50gs.
Negative equity has nothing to do with the financed amount. It’s the actual value versus what you bought the car for. Refinancing just helps you save money by changing the interest rate and terms length to get a new favorable loan and potentially saving on the new terms.
I have a loan for 30k my car is 20k and my APR is 10%. I currently owe about $17,000 and my current trade in price is around 10-12k. I don’t know what to do I thought the best option would be to get a cheaper car? But in this case would it be better to get a more expensive car? With a lower APR? And roll over? Or would the cheaper car still be an option?
Well if you could get a dealer to give you the remaining $5k needed toward the payoff amount then you could be out that old loan. The financed amount is what you would have paid at full maturity, meaning at the end of the term with the current interest rate.
I am confused.
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