Negative equity

A Third Of All Drivers Are Underwater On Their Cars

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A Third Of All Drivers Are Underwater On Their Cars

Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more

Everyone Is Underwater On Their Car Loans As Values Plummet

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Everyone Is Underwater On Their Car Loans As Values Plummet

Every year, the price of a new car ticks ever upwards. Loans get longer, yet monthly payments are always on the rise, leading to an epidemic of folks underwater on their loans. Now, there’s a new complicating factor: Used car prices are falling, meaning folks are getting less for their over-leveraged trade than ever. Welp, … Read more