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Ban cars from populated areas (lemmy.world)
submitted 2 weeks ago by to c/fuckcars@lemmy.world
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[–] 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.

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  • [–] 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.

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