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Nearly 1 in 3 car buyers are underwater on trade-ins — analyst calls dollar amount 'troubling'
An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still ...
If a person owes more on a car than it’s worth, they have negative equity or are considered underwater on their auto loan. Equity for vehicles equals trade-in value minus the loan balance. Let’s say ...
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How to trade in a car with negative equity
Negative equity, or being upside-down on your auto loan, means owing more on your vehicle than its current value. Some dealers might accept trade-ins with negative equity if you pay off what you owe ...
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 ...
A rise in negative equity and exposure to student debt are creating “pockets of vulnerability” for U.S. homeowners. That’s according to ICE Mortgage Technology‘s July 2025 Mortgage Monitor report ...
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 ...
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 ...
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 ...
In How to Trade In Your Car, I talked about a young couple who traded in their old car for something newer and bigger. In that scenario, their car was paid off, so it wasn’t a problem. The value of ...
Home equity increased nationally by $281.9 billion in the fourth quarter of 2024, an increase of 1.7% year over year, according to the latest CoreLogic Homeowner Equity Report (HER), released Thursday ...
Homeowner equity gains have slowed across the United States, with more borrowers falling into negative equity as home price growth stalls, according to a new report from property analytics firm ...
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