About a third of car drivers are upside down on their car loans, meaning they owe more on their car than it’s worth. Here are suggestions on getting right side up.

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Trading your car for a cheaper car only works if you are not upside down on your loan, or not significantly upside down. Otherwise, you may find that your cheaper car …

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Being upside down means you owe more on your car loan that the car is worth. This is a bad situation for a car as they usually depreciate with age (unlike real estate).

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