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2. 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.

3. 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

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

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

   Plus, the constantly depreciating value of the vehicle could make it not worth it to take out a 15- to 30-year loan. However, a set of wheels is a necessity for many people, almost as vital as a ...

5. Car costs - Wikipedia

   en.wikipedia.org/wiki/Car_costs

   The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]

6. Residual value - Wikipedia

   en.wikipedia.org/wiki/Residual_value

   It represents the amount of value that the owner of an asset can expect to obtain when the asset of its lease or when it reaches the end of its useful life. [1] [2] Example: A car is sold at a list price of $20,000 today. After a usage of 36 months and 50,000 miles (ca. 80,467 km) its value is contractually defined as $10,000 or 50%.

7. 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.