Upside down car and truck loans are getting to be the norm, but you’re in an unique place to alter this trend.
2016 ended up being a year that is bad trade-ins. 32% of most trade-ins toward the acquisition of the car that is new under water, in accordance with Edmunds. Quite simply, one-third for the clients purchasing from your own dealership probably have actually negative equity on the trade-ins, meaning they owe more on the mortgage compared to the car may be worth. Continue reading Just how to Assist Clients with Upside Down Automobile Loans