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Negative Equity Explained

Thursday, March 19th, 2020

Negative Equity Explained

Negative equity relates to a scenario where you owe more income for something than it really is currently worth. New vehicles depreciate in value specially quickly, frequently just them off the lot as you drive. Consequently, it is typical for motorists with car and truck loans to maintain negative equity, at the least in the 1st month or two of these loan.

But with negative equity, you’ll face a hefty bill should you want to offer the vehicle and that can wind up trapped, with both the car and its particular loan re payments. Luckily, you can easily make a plan to minimise negative equity.

What’s equity that is negative? (more…)