Let’s say your mother, 61, still owes $30,000 on a 2018 Chevrolet Bolt, but it's only worth $13,750. She wouldn't be alone in this situation. Around 24.9% of trade-ins going tow ...

The share of trade-ins with "negative equity" — meaning the owner owes much more on their loan than their car is worth — was hovering at about 25% at the end of 2024, accordin ...

Experts say the trend is particularly worrisome as the cycle of rolling negative equity into new loans makes it increasingly difficult for borrowers to escape debt. Among those with negative ...

The share of trade-ins with "negative equity" — meaning the owner owes much more on their loan than their car is worth — was hovering at about 25% at the end of 2024, according to data from ...

The most imperiled city, however, is actually Newark, N.J. The city has significantly fewer homes in negative equity — around 5,000 — but Newark is also a much smaller than Chicago.

The number of households in negative equity will jump by almost 50% over the next couple of years, leaving thousands as potential mortgage prisoners with homes that are hard-to-sell or remortgage.

A recent report indicates that an increasing number of car buyers have vehicle trade-ins with negative equity as rising monthly payments and total financing hit all-time high. The report states ...

Negative equity means you owe more on your home than it’s worth, which is problematic if you want to sell, refinance or borrow against your ownership stake. You’ve been hearing a lot about ...

One in four trade-ins is underwater, compared with one in five in Q3, 2023. Of those with negative equity, a quarter owe more than $10k, Edmunds reports. Getting your hands on a brand new (or new ...

And the volume of negative equity experts are seeing likely isn’t helping the situation, either. Kelley Blue Book reported new-vehicle prices in December climbed higher for the fourth ...