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The real shocker is that consumers with upside-down car loans owe more money than ever before. ... for example, compared with 3.3 years for gasoline-powered vehicles in fourth quarter in 2024 ...
Nearly a quarter of Americans who traded in a car for a new one was upside down on their loan, Edmunds says. ... For example, midsize SUVs, compact SUVs and large trucks made up 19.5%, 17.3% and ...
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Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".
A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. . Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders", which a company must send to its shareholders when it holds an annual meeting to elect directors ...
[2] [3] A December 22, 2008 article in The New York Times stated, "For the most part, the so-called auto transplants – foreign-owned car companies with major operations in the United States – have deep pockets and ample credit, and they are not facing potential bankruptcy like General Motors and Chrysler."