One thing I’ve heard that people use to get out underwater loans is getting EV’s like Tesla. They get a lease and all the EV tax credit eat up the negative equity. I haven’t done it ( I hold no car loans) but I hear this is a little thing some dealers are doing. Lease a Tesla, get the tax credit and get rid of the negative equity. That’s what I understand, idk how true it is. But just passing it along.
The method you are referring to only works to get rid of your existing negative equity however you're entering a new loan which defeats the purpose. My advice is for those who want to completely abandon the financing route get out of their auto loan and start paying cash for their vehicles. Thank you for commenting. If you have not subscribed, please do. I would appreciate it thanks.
One thing I’ve heard that people use to get out underwater loans is getting EV’s like Tesla. They get a lease and all the EV tax credit eat up the negative equity. I haven’t done it ( I hold no car loans) but I hear this is a little thing some dealers are doing.
Lease a Tesla, get the tax credit and get rid of the negative equity. That’s what I understand, idk how true it is. But just passing it along.
The method you are referring to only works to get rid of your existing negative equity however you're entering a new loan which defeats the purpose. My advice is for those who want to completely abandon the financing route get out of their auto loan and start paying cash for their vehicles. Thank you for commenting. If you have not subscribed, please do. I would appreciate it thanks.