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

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

Meaning

Should you want to offer the motor vehicle through your finance contract, together with car is really worth lower than the total amount owed, you’ll need to cover the shortfall.

Negative equity explained

To spell out just how equity that is negative in greater detail, let’s simply take an illustration. Read More