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Rising Auto Debt Leaves More Car Owners Underwater

1 min read
Source: Axios
Rising Auto Debt Leaves More Car Owners Underwater
Photo: Axios
TL;DR

A growing number of U.S. car owners are underwater on their auto loans, with over 25% of trade-ins in negative equity, leading to higher monthly payments and potential debt cycles, driven by high car prices and loan rates, according to Edmunds.

Topics:business#auto-debt#business#car-prices#financial-stress#negative-equity#underwater-loans
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  1. Car buyers' auto debt is snowballing, Edmunds says  Axios
  2. Column | More Americans are car poor as they misjudge trade-in math and pile on debt  The Washington Post
  3. New Car Buyers Are Getting Trapped in This Scary Financial Situation  autoblog.com
  4. Underwater car loans hit their highest level in 4 years  NewsNation
  5. 'It's extremely unfortunate': New data shows more car owners are underwater on auto loans  WWMT

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