In motor finance terms, negative equity occurs when your car or truck will probably be worth significantly less than your outstanding finance.

In motor finance terms, negative equity occurs when your car or truck will probably be worth significantly less than your outstanding finance.

Meaning

If you want to offer the motor automobile through your finance contract, therefore the automobile will probably be worth significantly less than the total amount owed, you’ll need to cover the shortfall.

Negative equity explained

To spell out exactly just just how negative equity works in detail, let’s simply just take a good example. Continue reading “In motor finance terms, negative equity occurs when your car or truck will probably be worth significantly less than your outstanding finance.”