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Post InfoTOPIC: cars
Posted By: jp

Posted On: Mar 17, 2004
Views: 669

Definately the automotive industry. Negative equity? Well, WTF?

Posted By: Beerliquor

Posted On: Mar 18, 2004
Views: 649
RE: cars

Okay, you gotta watch out with the negative equity or being upside down thing, yes it sucks, big time! The problem with that is we want things that maybe we shouldn't buy so we go for the six or even seven year note. This makes us spend less each month, which seems like a good idea, but in the end you get screwed unfortunately. If you put enough down and don't go more than four years, five at the max, you might not run into that problem.

Live and learn...our parents and grandparents would have never financed a car for that long!