negative equity

Negative equity is a situation where the market value of an asset, such as a property or car, is lower than the outstanding balance of the loan or mortgage secured against it.
Recent contents Top users
  1. R

    Dilemma MG4 needs swapping

    Hi All Anyone else having financial problem sorting out a new car. My dilemma is negative equity ( totally horrendous values) with 3 year old MG4 on PCP Finance. I cannot get a deal that is anywhere Near what I am paying now. It’s 3 years into a 4 year contract and not sure if I can hand it...
    • retrobloke
    • Thread
    • car finance mg4 negative equity personal contract purchase vehicle leasing voluntary termination
    • Replies: 8
    • Forum: MG4 EV Forum
Back
Top Bottom