Car finance question need help?

Answers:1 | LastUpdateAt:2012-08-25 04:01:02

Question

: rose - Ms. Sue; Asked at 2012-08-20 00:25:28

I bought a car yest and traded my old car

Answer1Julia TenAnswered at 2012-08-25 04:01:02

That principle is horrible loan high compared to the collateral ( the car ) . It all depends on your credit rating and ability to repay ( your income ) . I would not if I were the banker . This is what is known as " upside down " loan.

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