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What does negative equity mean when buying a car? This means that you may end up owing more money than your car is worth before you pay off your loan. For example, if you borrowed $30,000 from the bank and you still owe $15,000 on your car, but it's only worth $10,000, you have a negative equity amount of $5,000. #negativeequity #carbuyingtips #carbuyinghelp #carbuyingadvice #carbuying101 #carbuyingservice
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