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Transcript: Analysis: Why it's a bad idea to owe more money on your car loan than the car is worth
- Article from:
- NPR Special
- Article date:
- May 4, 2004
- Author:
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MADELEINE BRAND, ALEX CHADWICK
NPR Special
05-04-2004
Analysis: Why it's a bad idea to owe more money on your car loan than the car is worth
Host: MADELEINE BRAND, ALEX CHADWICK
Time: 4:00-5:00 PM
MADELEINE BRAND, host:
I'm Madeleine Brand and this is DAY TO DAY.
Here's a term more and more car buyers are becoming familiar with: upside-down. To explain what being upside-down when it comes to cars, we turn to Michelle Singletary. Michelle writes the syndicated column The Color of Money for The Washington Post, and she spoke earlier with Alex Chadwick.
ALEX CHADWICK, host:
Michelle, having an upside-down car loan, is that a good thing? I must say just the term `upside-down,' it doesn't go ...