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In motor finance terms, negative equity is whenever your vehicle will probably be worth not as much as your outstanding finance.

In motor finance terms, negative equity is whenever your vehicle will probably be worth not as much as your outstanding finance. Definition If you want to offer the motor automobile throughout your finance contract, additionally the automobile is really worth significantly less than the total amount owed, you’ll need to cover the shortfall. Negative equity explained To describe just how negative equity works in detail, let’s just just take an illustration. Imagine you are taking out motor finance on a 36-month [...]

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