What is Negative Equity and How Can it Impact the Purchase of a New Car?

As you probably know, auto financing is a complex subject. It is the reason that Lithia Motors Inc employs knowledgeable professionals in the finance centers of our dealership locations. One of the topics that our finance experts often deal with is negative equity. Negative equity is the term used for owing more than what your current vehicle is worth. Having negative equity in your current vehicle can complicate trading it for something newer. If you think that you might owe more than what…