Car Maintenance

How to Maintain Equity in Your Vehicle How to Maintain Equity in Your Vehicle

Vehicle equity is your car’s value. If you have a car loan, it’s the difference between your car’s value and what you owe on the loan. When the value of your vehicle is more than what you owe, you have equity. At the same time, although depreciation (a decrease in your vehicle’s value) happens every day, maintaining equity in your vehicle will benefit you, especially if you have credit challenges.

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