The Expert Podcast

• A USA Today article reports that people owe more than ever on upside-down car loans
• Negative equity in car loans is increasing—some reaching $7,000 or more
• 1 in 4 trade-ins are underwater, making it harder for buyers to switch vehicles

• If you have a high car loan balance or negative equity, you’re not alone
• Rolling negative equity into a new loan increases total debt
• Large monthly car payments ($700–$900) can be overwhelming

• Car Short Sale:
  • A structured process where your lienholder may accept a lower sale value
  • Helps clear loan balance and free up your title
  • Different from voluntary repossession, which can negatively impact credit
  • Each lender has different requirements for approval
• Expert Consultation Available:
  • One-on-one guidance with licensed professionals
  • Expertise in auto finance, insurance, legal matters, and business development
• Final Thoughts:
  • Explore car short sales if you’re struggling with a high car payment
  • Consider a vehicle that better fits your budget
  • For more insights, visit ActualHuman.com and Describe.TV
  • Have questions? Drop them in the comments or book a consultation with an expert