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2. More drivers have negative equity on their car loans. What if ...

   www.aol.com/more-drivers-negative-equity-car...

   If you have $10,000 in negative equity and you buy a new car for $25,000, financing the entire sum, you are borrowing $35,000, which is 40% more than the new car is worth.

3. How to Trade In a Financed Car: Everything You Need to Know - AOL

   www.aol.com/trade-financed-car-everything-know...

   How to Finance a Car With Negative Equity. If your car has negative equity, trading in your car can be more challenging, and definitely more expensive. However, having negative equity shouldn't ...

4. This 36-year-old is paying off a $66K loan on a $49K Ford ...

   www.aol.com/finance/36-old-paying-off-66k...

   This 36-year-old is paying off a $66K loan on a $49K Ford Explorer after a trade-in — Americans are getting run over with negative equity due to long-term car loans and high interest rates.

5. Trade-In Protection - Wikipedia

   en.wikipedia.org/wiki/Trade-In_Protection

   The most common type of Trade-In Protection (or TIP) occurs at the dealership level, at the vehicle-buying transaction. Dealers either give away the entire TIP protection (up to $5000 in negative equity benefit), or give away a portion while leaving the balance to be purchased by the consumer ($2500 give away, $2500 for sale).

6. Negative equity - Wikipedia

   en.wikipedia.org/wiki/Negative_equity

   Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

7. Want To Get Rid of Your Car but Still Owe More Than It’s ...

   www.aol.com/want-rid-car-still-owe-210014195.html

   “For example, say you still owe $30,000 on a car that you’d like to sell or trade in, but the most you’ve been offered is $20,000. That’s $10,000 in negative equity you’ll have to deal ...

8. How To Trade In a Car That Isn’t Paid Off - AOL

   www.aol.com/trade-car-isn-t-paid-143016821.html

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9. Effects of the 2008–2010 automotive industry crisis on the ...

   en.wikipedia.org/wiki/Effects_of_the_2008–2010...

   Further, the volume of cars sold in the U.S. was significantly tied to home equity lines of credit, with 24% of sales financed this way in 2006. [10] When the availability of these loans suddenly dried up in 2008 due to the subprime mortgage crisis, vehicle sales declined dramatically, from 17 million in 2006 to 10.6 million in 2009. [11]