Underwater loans hit nearly one-third of car buyers

Almost 30% of recent new car buyers were underwater on loans for their trade-ins, according to new data released by Edmunds.com.
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1 in 4 new car trade-ins are now ‘underwater’ — a 4-year high as more owners drag major debt into new buys. Here’s how to avoid drowning in auto loans

A growing share of car owners are underwater on their auto loans, reports the car-buying resource Edmunds. According to a second quarter report, 26.6% of trade-ins toward new-car purchases had ...