Four years after car prices skyrocketed, more car owners are underwater on their loans.
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 ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain ...
Payments on overpriced cars aren't keeping up with what they're worth, compounding the growing debt problem Americans face.
One in four trade-ins associated with a new car or truck purchase in the fourth quarter last year was 'upside down,' ...
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in ...
More often than ever, car owners can't afford their loans.Joe Raedle / Getty Images More car owners are upside down on their car loans than ever before. Price hikes during an inventory shortage ...
Auto loan debt is the second-largest category of U.S. consumer debt, trailing mortgages. Americans owe $1.644 trillion in ...
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 ...
New data and analysis from Edmunds and Cox Automotive’s Kelley Blue Book focused on new-vehicle financing, reinforcing how ...
These longer loans risk putting more drivers into what experts call "underwater" loans or “negative equity,” when the market value of the car is lower than the remaining balance of the loan.
Play the USA TODAY Daily Crossword Puzzle. The data indicated that 24.9% of trade-ins toward new-car purchases had negative equity at the end of last year, up from 20.4% in the fourth quarter of 2023.