Glossary / General

equity

13 Episode Mentions

Too Afraid to Ask

equity is a term you might hear when people talk about cars.

Technical Definition

Equity is the difference between a vehicle’s current value and what the owner still owes on the loan. If a buyer has no equity, it can make trade-ins and refinancing harder, especially if the car’s value drops faster than the loan balance.

Hear It Discussed

"I'd let the dealer pay it off and then they'll apply the equity that you've got."
Car Pro Radio Show June 20 26 Hour 2 CarPro Radio Show 16:05

"This feels different and deeper, though, Deb, because they're now partnering to a degree. I mean, they're going to have equity, or at least the option to get equity, in one of these companies that..."
Carvana SHOCKS The Auto Industry | Episode 1084 CarEdge Live 03:46

"Unlike a traditional cash infusion, this latest funding came in the form of equity, meaning Volkswagen's influence over Rivian continues to grow with each milestone achieved."
Episode 562: FSD v14 Lite Will Go Global for Hardware 3 Owners Ride the Lightning: Tesla and EV Podcast 54:54