Reported about 19 hours ago
A recent report reveals that over 26% of new-vehicle trade-ins in early 2025 had negative equity, meaning owners owe more than their vehicle's worth. This situation can worsen if you trade in too soon. To mitigate negative equity, experts recommend keeping your current vehicle longer, possibly refinancing for better terms, or leasing the next vehicle. Preventive measures include buying used cars, making substantial down payments, and avoiding long loan durations. Although being underwater on a loan is challenging, with discipline and smart choices, one can navigate through it.
Source: YAHOO