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What does it mean to have positive equity in your car 2024?

Felix Davis | 2023-05-07 11:05:34 | page views：1253
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Lucas Garcia

Works at Tesla, Lives in San Francisco. Graduated from University of California, Berkeley with a degree in Mechanical Engineering.
Financed Asset Types. Homes and cars are the two most common types of assets where loans are often used to finance the purchase. If you have a home mortgage or car loan, you are in a position of positive or negative equity. If your house is worth more than the balance on your mortgage, you have positive equity.
2023-05-14 11:05:34
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Oliver Mason

QuesHub.com delivers expert answers and knowledge to you.
Financed Asset Types. Homes and cars are the two most common types of assets where loans are often used to finance the purchase. If you have a home mortgage or car loan, you are in a position of positive or negative equity. If your house is worth more than the balance on your mortgage, you have positive equity.
What Does Positive Equity Mean? | Finance - Zacks
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