MOTOR VEHICLES
THE NEGATIVE EQUITY SNOWBALL!
By Tom Martino at March 2, 2014 | 10:56 am | 200 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...
DIMINISHED VALUE AFTER A CAR ACCIDENT
By Tom Martino at February 2, 2014 | 9:58 am | 70 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...
