Tag: automotive finance
Negative Equity Car Loans Hit 30% of Trade-Ins in Q2
Negative equity car loans continue to weigh on U.S. vehicle buyers, with 30% of trade-ins carrying more debt than the vehicles are worth during the second quarter, according to Automotive News. The trend reflects growing financial pressure on customers who purchased vehicles during the COVID-era supply shortage and are now seeking to trade them in.…
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