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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 ...
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 ...
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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".
Whether you have a brand new car or an old clunker, car insurance is an unavoidable expense that you really must have -- except, oddly, in New Hampshire. But just because you have to get insurance ...
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
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