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What is the equity in my car 2024?

Harper Cooper | 2023-05-07 11:05:22 | page views：1237
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Audrey Morgan

Studied at University of Melbourne, Lives in Melbourne, Australia
"We'll pay off your loan no matter how much you owe." ... Your loan payoff is $18,000, but your car is worth $15,000. You have negative equity of $3,000, which must be paid if you want to trade-in your vehicle. If the dealer promises to pay off this $3,000, it should not be included in your new loan.
2023-05-09 11:05:22
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Amelia Brown

QuesHub.com delivers expert answers and knowledge to you.
"We'll pay off your loan no matter how much you owe." ... Your loan payoff is $18,000, but your car is worth $15,000. You have negative equity of $3,000, which must be paid if you want to trade-in your vehicle. If the dealer promises to pay off this $3,000, it should not be included in your new loan.
Auto Trade-ins and Negative Equity | Consumer Information
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