A survey that is recent carried out for Automotive News viewed the various means automobile purchasers cope with negative equity on the trade-ins. It discovered that the most of consumers cope with this all-too-common situation within the worst way that is possible.
Automotive News-DealerRater Survey
The Automotive News survey that is informal carried out by DealerRater, looked over the most typical actions that purchasers just take when trading in a car or truck with negative equity (“negative equity” is when your car or truck’s value is lower than the mortgage stability).
From May 5th to your 24th with this year, DealerRater interviewed 88,874 customers who visited a dealership to search or even to have their vehicle serviced. Of the, 46,700 respondents exchanged within their past automobile if they purchased or leased their most vehicle that is recent. Continue reading