In car lease terms, negative equity occurs when your vehicle may be worth not as much as your outstanding finance.

In car lease terms, negative equity occurs when your vehicle may be worth not as much as your outstanding finance.

Meaning

If you want to offer the automobile throughout your finance contract, as well as the automobile may be worth not as much as the quantity owed, you’ll need to cover the shortfall.

Negative equity explained

To spell out exactly just how equity that is negative in greater detail, let’s simply take a good example. (suite…)

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