Part 8/9:
For those currently grappling with negative equity, several options for management exist. First and foremost, buyers should strive to pay down their loans faster if they can. Alternatively, leasing vehicles presents a solution where negative equity can be rolled into a new lease, allowing for a fresh start when their lease term ends. Importantly, consumers must educate themselves through resources available online about rate comparisons and financial literacy to avoid repeating the same mistakes.
Additionally, individuals may find that vintage models from the ’80s and ’90s present more reliable and affordable alternatives, having already depreciated in value significantly.