MOTOR VEHICLES

THE NEGATIVE EQUITY SNOWBALL!

By at March 2, 2014 | 10:56 am | 150 Comments

Once upside down, always upside down and it just gets worse DEFINITION:  NEGATIVE EQUITY - Owing more on a car loan than your car is worth. In many credit and financial problems I see, negative equity is either the source or a major contributing factor.  It's almost impossible to escape negative equity during the life of car ownership, but it can be controlled and more...

BLOG , CREDIT & FINANCE , MOTOR VEHICLES

DIMINISHED VALUE AFTER A CAR ACCIDENT

By at February 2, 2014 | 9:58 am | 28 Comments

Accidents bring more damage than dented cars and physical injuries DEFINITION:  Diminished Value - The after effect of a car accident on the value of your car, even after repairs have been made. A common problem with car accidents is that your car goes down in value even after it's been repaired.  That's right, even after the car is fully repaired to factory more...

BLOG , MOTOR VEHICLES

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