What is Fueling the Uptick in Upside-Down Car And Truck Loans?

What is Fueling the Uptick in Upside-Down Car And Truck Loans?

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The economics of shopping for an automobile is driving many households into a monetary pothole where the worth of the automobile is not as much as the residual stability on the car finance.

Nearly 33% of automobile buyers a year ago traded in a vehicle which was worth significantly less than the residual loan stability, in accordance with Edmunds.com, owing an average of more than $5,000 on the old loan. 阅读更多