Deficiency Balances Explained

If your vehicle is repossessed, you may face the dreaded “deficiency balance.”  What is it? A deficiency balance is simply the leftover payment due after collateral (your vehicle) is sold off to help pay off the seized property. If the collateral sold off does not pay off the loan, then the leftover balance is what we call the “deficiency balance.” Deficiency balances are primarily involved in cases due to repossession.

Read the full article here:
http://www.nolo.com/legal-encyclopedia/what-deficiency-balance.html

Interesting 2006 to 2012 Auto Lease Comparison

The article deals with the dramatic changes in lease payments for cars between 2006 and 2012. Swapalease.com has found that monthly payments for certain leased vehicles varied from significant increases to dramatic decreases during that period. Swapalease suggests that the change in lease payments was due to carmakers’ aggressiveness in promoting certain cars. The article uses a table to show a comparison of numerous cars over the time period.

Read the full article here:
http://www.autoremarketing.com