Why more car owners are ‘upside down’ on their loans
Yahoo Finance·2025-09-15 20:30
A growing number of car owners are finding themselves underwater on their auto loans, according to new data from the auto shopping website Edmunds.com. In short, that means what they owe is larger than what the cars are actually worth.
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`````` Edmunds reported that underwater trade-ins are at their highest record since the first quarter of 2021, during the pandemic, when 31.9% of new-car trade-ins were upside down.
`` The latest data from Edmunds for the second q ...