equity

Can't get my head around the concept of 'negative equity' in car value in relationship to GAP insurance. Copy here from GAP insurance company; Customer Purchase Additional Options Negative Equity (NE) Subject to an additional premium being paid (identified by ‘Negative Equity’ in the...

Went to look at new motors 5 months prior to end of my 36 month pcp to be informed the car value is already worth £1k less than the option purchase fee. Looks like ill have to do voluntary termination. A bit surprised and disappointed to be honest.

Has anybody had experience of the above companies? I am currently attempting to have a claim settled and appear to be going no where fast. I have full breakdown and recovery (for the car driver and passengers) anywhere in Europe. This is all arranged through Footman James. On the 26th August...

Hello all - popped along to the Dealership today to discuss purchasing a car using Agility.My car is worth 6.2k - 6.5k as a deposit.Car I want to purchase is valued at 17.5k - if I opt for low payments of £158 monthly,I will be left with a final payment of about 9.7k - obviously I can opt to...

Only surprising thing about this to me is that anybody would find it a surprise. "NOSE-diving car prices mean thousands of UK motorists are being plunged into negative equity on their vehicle loans, Auto Express has discovered. And the shortfall adds up to a huge £272million! The...