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Within the housing sector, it is called “negative equity. ” When you look at the automotive industry it’s called being “upside down. ” Both in situations, it indicates the ditto: You owe more cash on a valuable asset compared to the asset it self may be worth.
Whenever you’re upside down on car finance, it is possible to end in big difficulty because an automobile does not develop in value like a property usually does. (daha&helliip;)