Today: 9:00AM - 8:00PM
  • University Kia Huntsville

Upside-Down Auto Loans near Decatur, AL

Do you currently owe more on your current car loan than what the vehicle itself is even worth? If so, you’re stuck with what is known as an “upside-down car loan,” which means that your investment has negative equity. To help you out of this undesirable set of circumstances, University Kia is here to provide a few tips and offer our assistance! For more information, chat with one of our staff members by dialing 800-KIA-DEAL.


How to Combat Negative Equity

Even if your current auto loan is upside-down, there’s no need to panic quite yet. Oftentimes, not putting down enough money at signing, long loan terms, and rapid vehicle depreciation can contribute to your loan balance exceeding your car, truck, or SUV’s actual value. Thankfully, our team is here to help you get out of this situation! If you simply need the cash to pay off as much of the loan as possible, we can buy your car from you. Or, you might consider refinancing with us. That way, you can get a shorter loan term and pay off the balance faster.

University Kia Huntsville in Huntsville AL

Avoiding an Upside-Down Loan

Of course, in an ideal world, you could prevent yourself being stuck with an upside-down loan in the first place. Therefore, we’d like to offer some advice to help you steer clear of this situation. First, do some research to learn how quickly the vehicle that you intend to drive will depreciate. If it’s expected to lose a lot of its initial value quickly, then you might to consider an alternative model. You’ll also want to be sure that you have enough saved enough to provide a reasonable down payment and avoid loan terms that exceed seven or eight years.

Our Credit Clinic

If you have any questions about upside-down loans, be sure to get in touch with our expert Credit Clinic. Our team has just about seen it all, so they’ll be able to provide additional advice and guidance when it comes to this sort of situation. Drivers who are thinking of refinancing their negative equity will find that we won’t pressure you into any contract, so you can ask as many questions as you need to fully understand the terms and conditions. Our primary goal is simply to help you manage your debt and stay behind the wheel of a vehicle you love!

Still have a few remaining questions about upside-down auto loans near Decatur, AL? Allow the friendly representatives at University Kia to offer their assistance! We’re open six days a week, so don’t hesitate to reach out whenever you need some help.

 

University Kia Huntsville

6519 University Drive Northwest
Huntsville, AL 35806-1717
Driving Directions
Sales 256-217-1700
Service 256-217-1700
Parts 256-217-1700
Monday 9:00AM - 8:00PM
Tuesday 9:00AM - 8:00PM
Wednesday 9:00AM - 8:00PM
Thursday 9:00AM - 8:00PM
Friday 9:00AM - 8:00PM
Saturday 9:00AM - 8:00PM
Sunday Closed
Monday 7:00AM - 6:00PM
Tuesday 7:00AM - 6:00PM
Wednesday 7:00AM - 6:00PM
Thursday 7:00AM - 6:00PM
Friday 7:00AM - 6:00PM
Saturday 8:00AM - 3:00PM
Sunday Closed
Monday 7:00AM - 6:00PM
Tuesday 7:00AM - 6:00PM
Wednesday 7:00AM - 6:00PM
Thursday 7:00AM - 6:00PM
Friday 7:00AM - 6:00PM
Saturday 8:00AM - 3:00PM
Sunday Closed

Contact Us