When you owe more than your vehicle is worth, you are upside-down, or underwater, on your car loan. This doesn’t immediately spell trouble, but it can result in less financial flexibility and security. You face two major risks: If you get into an accident, your insurance will generally cover the damage only up to the value...
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Nicole Arata, NerdWallet.com
Fri, 05/19/2017 - 9:06am
Topics: personal finance
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