blog:equity Archives | Car Nation Canada
Navigating Negative Equity: Trading In When You Owe More Than Your Car Is Worth
Navigating Negative Equity: Trading In When You Owe More Than Your Car Is Worth You check the value of your current vehicle and get some frustrating news. Your vehicle is worth approximately $18,000 CAD, but the payout on your auto loan is still $23,000 CAD. That leaves a $5,000 difference. That $5,000 is called negative […]
How to Roll Negative Equity Without Blowing Your Budget in Ontario
How to Roll Negative Equity Without Blowing Your Budget in Ontario Learn how negative equity affects your next car loan, compare payment options, and build a vehicle budget that accounts for more than the monthly payment. Wondering how to roll negative equity into another car loan without stretching your finances too far? […]