Nearly 1 in 3 car buyers are underwater on trade-ins — analyst calls dollar amount 'troubling'
Government
For a growing share of new-car buyers with a vehicle to trade in, an unwelcome part of their old loan follows them in their new purchase: negative equity. An estimated 30.5% of car buyers with a trade-in owe more than the car is worth, according to J.D. Power's automotive forecast for March. It's also known as being underwater on your loan or upside down. The share of underwater buyers is up 4.2 percentage points from a year ago and has been growing since 2022. However, it's not as high as it
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