Sentences with phrase «equity than a new car»
Sometimes, an old car can have more equity than a new car based on things such as maintenance, fuel consumption and mileage of the car.
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However, borrowers regularly borrow more than they need to purchase their cars and homes for various reasons — such as to finance protection products into their loans or to roll negative equity (or debt from a previous loan) in to their new loans.
Car owners who owed more than their cars were worth had an average of $ 4,832 in negative equity before they traded up to something shiny and new.