Negative Equity: The Facts
within the automotive industry, we often encounter a scenario we call “Negative Equity”. I was thinking it had been crucial to publish a write-up onto it now because plenty of customers might not be conscious that banks have a tendency to take a tough glance at clients obtaining auto loans when they’re holding negative equity, particularly during hard financial times.
To aid explain just exactly what negative equity is, why don’t we have a look at this situation: a customer has a dealership and chooses to purchase their first brand new automobile! They […] Read more