What is negative equity on an auto loan?

Answer A "negative equity" situation on an auto loan means the car is worth less than the money that is still owed on the loan. The difference between the car's value and the loan balance is called negati... Read More »

Top Q&A For: What is negative equity on an auto loan

How to Get Out of a Negative Equity Car Loan?

Even if your vehicle has negative equity, you can still trade out of it or sell it. You will have to put money down if selling privately. If you use a dealer, you can possible avoid money down if y... Read More »

Home Equity Loan Vs. Auto Loan?

Homeowners have loan options when they want to purchase a car. For example, they may acquire an auto loan or use a home equity loan. However, it's best to weigh the benefits and drawbacks of each o... Read More »

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

What is negative home equity?

MSN Money cites a study that found nearly one in 10 homeowners were in negative equity situations with their mortgages in 2005. Non-traditional loans allowed homeowners to borrow more money than th... Read More »