What Determines the Equity in a Vehicle: How is it Calculated?
Shawn Ryder
JANUARY 19, 2024
This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender. If the equity is positive, it can be used as a down payment for a new car or to pay off debts. This value depends on various factors such as the make, model, year, condition, mileage, and demand for the vehicle.
52 
Let's personalize your content