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Brett borrowed money to purchase a vehicle without making a down payment and now he owes more on the vehicle than it is worth. this situation is referred to as:

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asked Jan 3, 2018 37.9k views

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Brett borrowed money to purchase a vehicle without making a down payment and now he owes more on the vehicle than it is worth. this situation is referred to as:

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Diego Javier Zea asked

by Diego Javier Zea

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This is a loan. When you get a loan you pay interest and pay more.

Slinkhi answered Jan 7, 2018

by Slinkhi

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Brett borrowed money to purchase a vehicle without making a down payment and now he owes more on the vehicle than it is worth. this situation is referred to as:

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