Protect yourself. Read these important car-buying tips before you sign!
There are some things which should last forever, like love, or a diamond ring, but a car payment is not one of them. Yet forever is how long it might feel if you take out an extended-term loan (e.g. 96 months), without educating yourself on the perils of negative equity—owing more for a car than it is worth.To avoid the pitfalls of an extended-term loan, consumers need to educate themselves and be honest about their needs and car-buying habits.
When you owe more for a car than what it's worth, you have negative equity. Follow our infographic to find out how easily it can happen.
65 Overlea Blvd.
Toronto ON M4H 1P1