Do You Owe More Than Your Car Is Worth?

Are you thinking about refinancing your auto loan? If so, you may want to read this interesting article at Wired before getting a car loan. The article states that the typical owner owes $4,221 more than their vehicle is worth. It also makes the case that the auto loan industry could be headed the way of the mortgage loan industry.

This entry was posted on Wednesday, January 2nd, 2008 at 8:49 pm and is filed under Auto Loans. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.