A growing share of car owners are underwater on their auto loans, reports the car-buying resource Edmunds. According to a second quarter report, 26.6% of trade-ins toward new-car purchases had ...
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 ...
A growing share of car owners are underwater on their auto loans, reports the car-buying resource Edmunds. According to a second quarter report, 26.6% of trade-ins toward new-car purchases had ...
According to a new report, more than 25% of new-car buyers in the United States are underwater on their existing car loans. While that may sound alarming to financially responsible consumers, that’s ...
Nearly 30% of new car buyers in late 2025 were underwater on their trade-in loans. The average amount owed on these trade-ins reached a record high of $7,214. This trend is linked to high car prices ...