Car Loan Glossary ab

In AB, what should I know about negative equity roll-in for car loans?

In Alberta, rolling negative equity into a new car loan means the outstanding balance from your current vehicle, which exceeds its trade-in value, is added directly to the principal of your new loan. This significantly inflates the total amount you are borrowing, leading to higher monthly payments, a longer repayment term, and substantially more interest paid over the life of your new vehicle. While lenders across Canada,

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