Negative equity is hitting record levels as more U.S. car buyers trade in vehicles they owe more on than they’re worth.
You might be able to trade in a car with negative equity, but it doesn’t always make sense ...
More drivers owe way more than their cars are worth and it’s hard to see things improving soon ...
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What Is Negative Equity on a Loan?
Negative equity happens when the value of an asset, like a car or home, is less than the remaining balance on the loan used to buy it. This is also known as being “underwater” or “upside down” on a ...
Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside ...
Dealerships and their network of auto-finance providers are still contending with a huge wave of negative equity connected with consumers wanting a new vehicle. According to new data from the second ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain of debt The number of Americans who owe more on their car loans than their ...
More Americans are trading in underwater vehicles. That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter ...
Negative equity is when you owe more on a car than the car is worth, leaving you "upside down" or "underwater" on your loan. This continues to be a growing problem, as is the amount of negative equity ...
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