Do You Owe More Than Your Car Is Worth?
Have you recently visited an auto dealership to try and get out of your current car only to learn you owed more than the car is worth? The trouble with this situation, known as being “upside down” is that, for the dealer to make the sale work, they will have to add the dollar amount that you are upside down to the sales price of the car you choose. Now you are likely even more upside down than you were before, and when your value of your car drops over time, the problem gets even worse.
This is a common practice and is one reason why so many of us are buried up to our eyes in auto debt! Before you take one more step, request an Auto Genius Report and you will get the straight facts about your options. The reporting tools are highly advanced, but easy for you to use. The results will pinpoint savings in every area possible including programs for loan balance reduction, fuel savings, insurance and more. In some cases, there will even be results that can help get you in to a different car that can you feel good about driving without choosing between paying for essentials, and paying for your car loan. There are right and wrong ways to go about it and, if your situation calls for it, we have a network of committed local debt experts across the country that will be happy to meet with you, at no cost or obligation to walk you through your options.