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negative equity

British  

noun

  1. the state of holding a property the value of which is less than the amount of mortgage still unpaid

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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The average underwater trade-in now carries $7,183 in negative equity, according to Edmunds — with the largest share, 41%, being underwater by $5,000 or less.

From MarketWatch Apr. 28, 2026

The average age of a trade-in with negative equity is now 4.3 years, according to Edmunds.

From MarketWatch Apr. 28, 2026

For those with less than $2,000 of negative equity, that might mean waiting another six months to a year before breaking even on their loan, Jominy said.

From MarketWatch Apr. 28, 2026

High pandemic-era car prices and elevated interest rates caused negative equity, leading to longer loan terms for buyers.

From The Wall Street Journal Apr. 26, 2026

But consumers who are underwater on their loan end up paying more on average after rolling over the negative equity into their next car, compounding their debt even more.

From The Wall Street Journal Apr. 26, 2026

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