Beat Negative Equity: Proven Hacks to Sell Your Car Without Losing Money
Negative equity occurs when a vehicle’s loan balance exceeds its market value, often due to depreciation and long loan terms. Paying off negative equity with a credit card usually increases costs due to high interest and fees. Selling a financed car to a professional buying center can simplify the process, covering the loan payoff and providing a straightforward transaction that avoids private sale hassles.