Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is upside down?

April 26, 2017upside

0

Posted

What is upside down?

1 Answer

0

Posted

Hopefully you havent just rolled your vehicle over and youre waiting for the tow truck to arrive! More than likely, they are describing the position you are in as it relates to value and debt on your trade in. The simple answer is that you owe more money to the lending institution than your vehicle is worth on the wholesale market: Wholesale market being what another auto dealer would pay for your vehicle in its current condition.