negative equity

noun

: a situation in which the amount of money that a person owes for something (such as a house or a car) is more than the thing is worth

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That's up from a negative equity of $7,116 in the fourth quarter of 2022. Susan Tompor, USA TODAY, 28 Jan. 2025 According to an analysis by car shopping experts at Edmunds, the average negative equity for upside-down car loans has surged to more than $6,800, with one in four borrowers owing more than $10,000. Janae Bowens, Baltimore Sun, 24 Jan. 2025 Auto finances:More drivers have negative equity on their car loans. Utkarsh Shetti, USA TODAY, 28 Nov. 2024 Trading Andrew Wiggins also is a more hopeful possibility, although the three years and $85 million left on his deal are likely negative equity at this point. John Hollinger, The Athletic, 23 Apr. 2024 That includes 22% of vehicle owners with negative equity who owed $10,000 or more, while 7.5% have negative equity of more than $15,000. Michael Wayland, CNBC, 15 Oct. 2024 For example, midsize SUVs, compact SUVs and large trucks made up 19.5%, 17.3% and 10.3%, respectively, of all vehicles traded in with negative equity. Medora Lee, USA TODAY, 16 Oct. 2024 To avoid the negative equity trap, Edmunds recommends sticking with your car for longer and being diligent about regular maintenance to maintain your car’s value. Ben Kesslen, Quartz, 15 Oct. 2024 Edmunds reports more than 1 in 5 consumers with negative equity owe more than $10,000 on their auto loans. Michael Wayland, CNBC, 15 Oct. 2024

Dictionary Entries Near negative equity

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“Negative equity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/negative%20equity. Accessed 2 Feb. 2025.

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