With auto loans it is common for buyers to trade in their


With auto loans, it is common for buyers to trade in their cars after the outstanding principal on the car loan exceeds the re-sale value of the used car. After which loan payment will it be profitable for you to trade-in your car? Why? (hint: the car should be sold if it can be sold for more than the balance owed to the dealer)

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Finance Basics: With auto loans it is common for buyers to trade in their
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