If your car loan is “upside down,” that means you owe more on the loan than the car is worth. If you want to avoid your loan flipping upside down, it’s good to keep this information in mind:
If you can afford it, a shorter loan term length will minimize the risk of going upside down, as you’ll be gaining value more quickly.
Consider Depreciation
Some cars loose their value quicker than others. Be sure to do your research ahead of time and pick a car that retains its value.
How Much Can You Afford?
Find out how much you can pay on a month-to-month basis, then figure out the kind of car you can afford.
Ask for Advice
As a fixture in the St. Louis community, Green Light Auto Credit can help you avoid going upside down on your next car purchase.
Green Light Auto Credit Can Help Keep You Right-Side Up
Whether you’re looking for an affordable family sedan or an SUV with the latest tech features, Green Light Auto Credit can help. We offer a wide variety of loan packages and will work with you to find one that keeps you from going upside down. In addition, our wide network of dealerships gives you more selection that an in-house financing department. One of the best ways to avoid going upside down is to buy a car you can afford, and that’s where Green Light Auto Credit’s superior selection really comes in handy.
Before you visit us, be sure to take the following steps:
We won’t place the credit run on your credit report, so there won’t be any damage done by pulling an inquiry through us just to see what you qualify for
Fanessa H.
Greg was great - Helped me get into my new car - The team worked hard. Thanks to Green Light!