Glossary / General

upside down

19 Episode Mentions

Too Afraid to Ask

If you're 'upside down' on your car loan, it means you owe more money on the loan than what the car is worth. This can make it hard to sell or trade in the car.

Technical Definition

Being 'upside down' on a car loan means that the amount owed on the loan is greater than the current market value of the vehicle. This situation can complicate trade-ins or sales, as the owner may need to pay the difference out of pocket.

Hear It Discussed

"So is the car paid off? Are you upside down on it? Is the repair more than the value of the car?"
Inside the Texas Muscle Car Club Challenge: Grassroots Racing, Real Community, Safer Than the Streets In Wheel Time Podcast: Your Go-To Automotive Talk Show 09:13

"they told me that I would basically upside down with it with my miles and everything..."
Car Pro Radio Show May 23 26 Hour 3 CarPro Radio Show 32:30

"And we're talking upside down by $14,000 in some cases on the EQS SUV. So these would be potential shopping opportunities for customers."
EDMUNDS Just Put the Entire Auto Industry On ALERT | Episode 1079 CarEdge Live 11:40