SUV resale values have fallen since last year, due to the rising price of gasoline. Demand for SUVs is falling rapidly, as people move to reduce their gas consumption. As a result, the value of a three-year-old GMC Yukon has fallen 8.5% since July last year, to just 34.2% of the value of a new vehicle. Oil prices are not likely to fall in the near future, so GMC Yukon resale values are likely to remain low for the long term.

GMC Yukon XL resale values have dropped worryingly in the past 12 months, and the cause simply the rising price of gasoline. Overall demand for larger vehicles, particularly SUVs, is rapidly dropping as people try to reduce their gas consumption by switching to smaller vehicles. Since July 2007, the value of a three-year-old GMC Yukon Xl has fallen by 8.6%, to just 31.3% of the value of a new vehicle.

The worst affected SUV is the Ford Expedition - the value of a three-year-old Ford Expedition has fallen 12.2% since July last year, to just 32.48% of the value of a new vehicle.

Depressed SUV resale values can create a real problem for SUV owners who have financed their SUV. At the end of the finance term, the residual payment on the SUV may actually be greater than the resale value in today’s market. If you want to keep your SUV under those circumstances, you are going to need to refinance somehow.

Refinancing when you are upside down on the vehicle can be difficult. Even though your SUV is a high quality vehicle and should arguably be worth more, the finance companies are only going to take into consideration the SUV resale values that are showing in today’s marketplace.

If you have been caught by falling SUV resale values, you will need to get a little creative with your auto refinancing. A refinancing professional can help you to find a way to refinance your SUV, even if resale values have moved against you. There is always a creative way to refinance your SUV! The experts have a bag of tricks at their disposal.

If you are looking for specialist advice on upside down auto refinancing, there are good resources available on the Emergency Refinancing web site. SUV resale values are a matter of great concern to all SUV owners, but particularly those who are close to the end of their vehicle loan. If you want to keep your SUV, you will need to find a way around the problem of falling SUV resale values.