If your car's current value is less than the amount you owe, you have negative equity. This is also known as being upside down on your auto loan. When the time comes to purchase a new car, having ...
Upside-down loans are becoming a big problem for new-car shoppers in the U.S. Research by shopping and editorial resource Edmunds found that more than 26 percent of all trade-ins on recent new-car ...
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 ...
Being upside-down is generally never a good thing. In the case of a car loan, it means you owe more than the value of your ride. This situation isn't unusual if you financed with a high-interest loan.
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 ...
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 during new vehicle trade-ins hit its highest mark in years during Q2, but the situation is avoidable with careful planning and timing. Shocking Q2 data has revealed that one in four ...
More than one in four car trade-ins are underwater, a four-year high, according to Edmunds. Underwater car owners are carrying thousands in debt into new loans, with some owing over $15,000. Buyers ...
Build positive equity in your car by using strategies such as making extra payments and refinancing your auto loan Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer ...
Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — ...
In this column, I mainly focus on buying cars. But there’s another half of the equation, and it’s just as important. The trade-in. Let’s take a look at trading in your old car. Before we get into ...
The newest auto-finance data Edmunds released on Wednesday focused specifically on new-vehicle purchases and excluded used. But it still showed the conundrum lenders are facing nowadays associated ...
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