The last year's huge fluctuations in the price of new cars – especially electric cars – can end up as serious headaches for many Danish drivers.
For many, the electric car has become a little more attainable after the massive price drop of the past year. But the trees with the good news do not grow into the sky.
Many car owners run the risk of facing severe financial problems. Something that has also been noticed by the interest organization FDM.
– We hear about more and more car owners who have become technically insolvent. This means that the car's value is lower than the remaining debt on the car, says the organization's consumer economist Ilyas Dogru to Ritzau.
FDM emphasizes that the insolvency in itself is not a problem. But it can be if the car owner has to sell the car on, or if the car is totally damaged.
READ ALSO: "Danish" electric car is falling apart, say the first owners
Insurance companies only pay compensation for what a similar car – mileage and year – stands for today.
And that can leave nasty surprises in the form of residual debt on a car you no longer own, even if the car is relatively new.
According to FDM, it is especially motorists who have bought a car at the end of 2022, i.e. shortly before prices began to fall sharply, who must be aware of the technical insolvency.
We find an example of a man who is disappointed with a car sale in Haderslev. However, the disappointment is not related to legal debt. Read more about it here .
