Quantcast
Don't miss
Home / Practice Areas / Bankruptcy Law / Car loanmakers win in ‘negative equity’ ruling

Car loanmakers win in ‘negative equity’ ruling

When Dennis and Rebecca Mierkowski bought a new car in 2006 for $22,444, they traded in their other vehicle for $13,750. The problem was they still owed $21,820 on the trade-in vehicle. The difference between the value and the amount owed on the trade-in - or its "negative equity" - totaled more than $8,000, which ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*