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More Americans are upside down on their car loans, and the average amount they owe is at an all-time high, according to a new survey from car comparison site Edmunds.. In the three months ended in ...
The real shocker is that consumers with upside-down car loans owe more money than ever before. ... 3.3% for the 12 months through December, based on the most recent consumer price index released ...
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".
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. ... This breaks down to roughly $167 a ...
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