A common problem that most drivers on the road have today is their car, truck or SUV’s value drops pretty quickly after buying; especially if you bought new. You’ll soon find yourself paying for more than the vehicle is even worth. This can cause a lot of problems when you need to replace your car or simply need to improve your credit and vehicle’s worth.
At Auto Credit Express, we know that sometimes life catches up to us in unpleasant ways, but we’re here to help you turn your credit around and improve the quality of life that you and your family enjoy.
Options When You’re Upside-Down
Figuring out where to go when your loan is suffering negatively can be a hair pulling experience. The good news is there are people available to help you today. Start now by completing our quick and easy online application to get in touch with our team of professionals that can get you on the right track today. Here are some options that you can consider:
- Refinance to a Shorter Term
This may be your best option. It means you would be making larger payments each month, but you could also end up lowering your interest rates too.
- Roll-over Your Debt
If you need to get a better vehicle soon, this is an option you can consider. Depending on your dealer and the vehicle you choose, you could end with comparable monthly payments that are more equal to your new car’s value. Keep in mind that what you owed on your last vehicle is part of what you’ll be paying though.
- Negative Equity Trade-in
While not the most desireable of options, a negative equity trade in can work for you if you are having trouble with your current vehicle and need a new one, but it still has some value to help offset the lost equity. This will cost you out of pocket, but better then having the full burden of paying for two vehicles at the same time.
As We See It
When it comes to your financial struggles, we are here to lend you a helping hand. Don’t worry about having to deal with an upside-down loan on your own. We work with a nationwide network of dealers that can help you today with their many options and experience. Complete our application form and let us handle finding the dealer for you. You’ll be glad you did.
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