Blog Layout

Auto News

October 19, 2024

A man in a suit and tie is driving a car.

The average amount owed on “upside down” auto loans, in which the balance is more than the car is worth, hit a record high of $6,458 in the third quarter, according to Edmunds, a site that helps consumers research and buy cars. That’s compared to $5,808 for the same period last year. “Consumers owing a grand or two more than their cars are worth isn’t the end of the world, but seeing such a notable share of individuals affected at the $10,000 or even $15,000 level is nothing short of alarming,” Edmunds Head of Insights Jessica Caldwell said. If borrowers don’t pay off their car before trading it in, the negative equity is applied to the new car loan.—HVL

This haunts many Americans. There is a upside when dealing with negative equity. XCAPITAL offers great solutions for dealing with negative auto loans.Get Started Today!

< Older Post

Newer Post >

Disclaimer

The materials on this website are not intended to constitute legal advice or as a substitute for obtaining legal advice. Our services are for informational purposes only, and any receipt or transmission of information on this website does not constitute tax, insurance, banking, or legal advice. XCapital28 does not provide any members or individuals tax legal or investment advice and does not represent any individuals before the IRS Treasury or any other government.

XCAPITAL28 is not a United States Securities Dealer nor Broker nor US Investment Advisor nor a Commercial Banking Institution or Insurance Company. Sender at times may be a Conduit to Direct Lender, Realty Broker, Escrow Agent, Legal Advisors, Consultant and other Third-Party Advisor. In some instances XCAPITAL28 is a Private Consulting Firm & Investor. Also a highly experienced Consulting services with support of Third-Party Experts and legal advisors. Recipients should not make any assumptions of Consultants qualification as a result of the content of this website Occasionally, XCAPITAL28 experience in a given area will offer a "Personal Opinion or observation with twenty years of experience", in such cases, the Reader acknowledges that XCAPITAL28 is always advising Recipient and Reader to solely base its decisions with the advice of Professional Third Party Expert Services (i.e. legal, accountancy, insurance, commercial banking or securities firm). This WEBSITE INFORMATION and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents you, FIND ASSOCIATED WITH XCAPITAL28. All members and clients are required to complete NDAC. Our policy and private materials are the sole owner of XCAPITAL28. Privacy Act, 18 USCA 2510. Our portfolios that we prepare are proprietary and may contain non-public, confidential, or legally privileged information intended for the sole use of the designated and/or intended remember/clients(s). The unlawful interception, use, or disclosure of such information is subject to 18 USCA 2511, Uniform Commercial Code (UCC) herein cited and any other applicable laws. Do not copy or disseminate to third parties other than your professional advisors.

Share by: