Financial and Customer Affairs Authority of Saskatchewan

Financial and Customer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial titlemax app and consumer market regulator.

Negative Equity

do you want to trade in your overall automobile? Can you still owe cash on it? Be mindful, as accepting extra debt may place you in an undesirable position that is financial. Customers whom roll their automobile financial obligation into a loan that is new end up in a situation called negative equity: owing more income on a car compared to car is really worth.

Here are a few ideas to give consideration to when selecting a car in order to avoid negative equity.

Concentrate on the cost that is total month-to-month payments spread away over a longer period of time provide the impression of affordability, but actually represent a higher cost overall. 继续阅读“Financial and Customer Affairs Authority of Saskatchewan”