Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an upside down loan?

Autos buying loan Selling Transportation upside
0
Posted

What is an upside down loan?

0 CommentsAdd a Comment

1 Answer

0

A loan where you owe more on the car than it is worth. For example, if you have a loan on a car that is only worth (blue book value) $10,000 and the loan is for $15,000, that is an upside down loan.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.