When drivers trade in early, they usually roll that leftover debt into the next loan. Edmunds says buyers carrying negative ...
Negative equity happens when the value of an asset, like a car or home, is less than the remaining balance on the loan used to buy it. This is also known as being “underwater” or “upside down” on a ...
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 ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain of debt The number of Americans who owe more on their car loans than their ...
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 ...
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 ...
Getting your hands on a brand new (or new-to-you) car is a great feeling. Not so great is the realization that you owe more on the loan for your old car than the vehicle is worth when you come to ...
What happens if your car has negative equity? A viral video lets people know that sometimes your car is worth less than the amount you owe on your auto loan. The car in question, a Kia, had a ...