It’s bad enough to be in a car accident that results in a total loss, but to add insult to injury you find out from your insurance company that your two year old car is worth only 40% of its original value and then to top it off your finance company tells you that after two years of making payments you’ve barely made a dent in your loan.
The result? You get a $10,800 check from your insurance company to pay off a $22,000 car loan. Welcome to the danger zone for car loans. Continue reading ‘Is Your Car Loan in the Danger Zone?’ »