In motor finance terms, negative equity is whenever your car or truck will probably be worth lower than your outstanding finance.

In motor finance terms, negative equity is whenever your car or truck will probably be worth lower than your outstanding finance.

Meaning

If you wish to offer the car throughout your finance contract, therefore the automobile will probably be worth not as much as the total amount owed, you’ll need to cover the shortfall.

Negative equity explained

To spell out exactly just how equity that is negative in detail, let’s simply just just take an illustration. Continue reading “In motor finance terms, negative equity is whenever your car or truck will probably be worth lower than your outstanding finance.”