When it comes to equity, what does it mean to have negative equity or be

"underwater"?

A. You can no longer afford to make payments.

B. The amount owed is greater than the car's worth

C. The car's worth is greater than the amount owed.

D. The purchase price is too big to qualify for a loan.

Question

Mckinley Mcgee

28 February, 07:15

+2

Answers (2)

Know the Answer?

Blaze Atkinson · Answer 1

B. The amount owed is greater than the car's worth

Step-by-step explanation:

APEX

Dude · Answer 2

The amount owed is greater than the car's worth.

When it comes to equity, what does it mean to have negative equity or be"underwater"?A. You can no longer afford to make payments.B. The amount owed is greater than the car's worthC. The car's worth is greater than the amount owed.D. The purchase price is too big to qualify for a loan.