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  2. Equity (finance) - Wikipedia

    en.wikipedia.org/wiki/Equity_(finance)

    In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity.

  3. More drivers have negative equity on their car loans. What if ...

    www.aol.com/more-drivers-negative-equity-car...

    If you have $10,000 in negative equity and you buy a new car for $25,000, financing the entire sum, you are borrowing $35,000, which is 40% more than the new car is worth.

  4. Should you use a home equity loan to pay off an auto loan?

    www.aol.com/finance/home-equity-loan-pay-off...

    A car’s market value begins depreciating the moment it leaves the lot, meaning You must also consider that when you take out a home equity loan or HELOC, you are putting your home up as collateral.

  5. Should I use a home equity loan to buy a car? - AOL

    www.aol.com/finance/home-equity-loan-buy-car...

    Pros of using a home equity loan to buy a car. Longer term, lower payments: Home equity loans are structured in such a way that you can repay the money over a much longer period of time. Most car ...

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral. A mortgage loan is a very common type of loan, used by many individuals to purchase residential or commercial property.

  7. Vehicle leasing - Wikipedia

    en.wikipedia.org/wiki/Vehicle_leasing

    Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.

  8. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor.

  9. This 36-year-old is paying off a $66K loan on a $49K Ford ...

    www.aol.com/finance/36-old-paying-off-66k...

    This 36-year-old is paying off a $66K loan on a $49K Ford Explorer after a trade-in — Americans are getting run over with negative equity due to long-term car loans and high interest rates