Find out what vehicle equity means and how it can help you borrow
Video Transcript
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What is vehicle equity?
It’s the amount of a vehicle’s value that you own.
And it can be used to secure a loan.
Your vehicle’s value minus the amount you owe on it
Equals the vehicle’s equity.
Still have questions?
Find the answers at bestegg.com/resources
[Music]
Related Resources
Secured vs. Unsecured Personal Loans | Best Egg
What is Equity in a Car? | Best Egg
What’s a Vehicle Equity Loan? Video | Best Egg
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