Podcast Episode Show Notes / Description

• Struggling with Car Loan Payments?
  • Many people are finding it hard to afford their car loans.
  • In 2020, only 11% of car loans were $1,000 or more—now, in 2024, it's nearly 42%.
  • By 2025, it’s likely that half of all car loans will be at this level.
• The Issue of Negative Equity
  • A $1,000 car loan can be more than two weeks’ worth of take-home pay.
  • Many borrowers can’t trade or sell their vehicles because they owe more than they’re worth.
  • This situation, called negative equity, prevents title transfers.
• Car Short Sale as a Solution
  • A car short sale allows you to offload your vehicle with lender approval.
  • Your lender provides a package of documents for this process.
  • This can help prevent financial strain from an unaffordable car loan.
• Real-Life Example
  • One EV owner had a $1,000 car payment but couldn’t use the vehicle due to range limitations.
  • She wanted to trade for something more efficient but couldn’t because of negative equity.
• Get Help & Expert Advice
  • Visit CarShortSale.com for instructional videos and checklists on how to handle a car short sale.
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    • Insurance & surety bonds
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    • Business development & marketing
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• Join the Conversation
  • Drop your questions or comments below.
  • If you find this content valuable, check out ActualHuman.com for more expert insights.

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