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  Upside-Down Definition
Upside-Down When you take out a car loan, there is normally a period of time where you owe more on the car than what the car is worth. This is referred to as being "upside-down" on your auto loan. This happens because your car depreciates in value due to age and wear and tear and during the early years of your auto loan, you're mostly paying interest so the balance on your car loan is remains the same while the value of the car is going down.

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