1011
Ban cars from populated areas (lemmy.world)
submitted 2 weeks ago by to c/fuckcars@lemmy.world
226 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 9 points 2 weeks ago (2 children)

I've seen quite a few videos about "rolling negative equity" and didn't even know it was a thing. Also, you hear someone threatening the car dealer for suggesting they buy a car for ONLY $20K when he's never been seen something in less than a beamer and being in debt so they have to take a loan for the down payment (which doesn't even make sense to me)... I hope these videos are fake 😢

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 6 points 2 weeks ago (1 child)

    The first time I heard about rolling negative equity I gasped audibly.

    Cars are a depreciating asset unless they’re very rare. They’re always going to have negative equity. This is financial flim-flammery disguised with fancy corpo words.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 2 points 2 weeks ago

    Negative equity just means you owe more on something than it's worth. So whether you have negative equity on a car loan is a "it depends". On a new car, probably yes because of the big deprecation hit as soon as the car is driven off the lot, but on a car where the loan is almost paid off probably not.

  • permalink
  • fedilink
  • source
  • parent