Investing General Discussion

Jysin

Jysin

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Jysin

Jysin

Bronze Baronet of the Realm
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Wtf is used car equity?

That particular demographic certainly has upside down car payments.
 
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Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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Jysin said:
Wtf is used car equity?

That particular demographic certainly has upside down car payments.
Click to expand...
Read it. They will even do this on cars that aren't paid off yet.

"lets people with terrible credit scores tap into the equity in their depreciating used cars at a 30% interest rate - even if it's not paid off - in which case the entire auto loan is transferred). "
 
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