Due to the new data protection law that has come into force on 25 May 2018 we have updated our Privacy Policy which sets out how Oodle Car Finance uses and protects the data that we hold about you.
× Home Dealers FAQ Glossary Journal Careers Contact
GLOSSARY
of terms.

From an HP to your APR, we cut through the nonsense to help you demystify the world of car finance.

Negative equity is when the value of an asset falls below the outstanding balance on the finance agreement used to purchase that asset. Negative equity is calculated simply by taking the value of the asset less the balance on the outstanding amount.