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Backgrounder
Many Americans are car poor from their auto loans. Here’s why.
Nearly 1 in 4 consumers owe more on such loans than the vehicle is worth, pushing the national average for upside-down balances to a record high north of $6,400.
So you're upside down on your car loan. You're not alone.
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 September, 24.2% of Americans who traded in their
car
toward ...
American consumers are increasingly underwater on their car loans
A growing number of Americans with auto loans owe more than their vehicles are worth, according to a report Tuesday from Edmunds.com.
Americans increasingly underwater on car loans: Edmunds
More than 1 in 5 consumers who were underwater owed more than $10,000 — a data point analysts called "alarming."
Americans Owe More Than Their Car Is Worth As 'Upside-Down' Loans Are On The Rise
A growing number of U.S. consumers owe more on their auto loans than their vehicles are worth, according to Edmunds.com. The average negative equity in auto loans increased during the third quarter of 2023 compared to the previous quarter and the same period a year earlier.
10h
on MSN
Apple reportedly worked with a Chinese automaker to develop a battery for its now-canceled car
Apple reportedly teamed up with a Chinese automaker to develop a battery for its car, which ultimately never saw the light of ...
2h
3 ways to get cheap car insurance for senior drivers
While senior drivers are more likely to receive high car insurance quotes, it’s still possible to secure a better deal. These ...
21h
Your car's low tire pressure light may come on this week. Here's why, and what to do.
Cold weather could lead to a surprise when you start your car in the morning: The colder weather can trigger a warning light ...
The Verge
16h
My very brief stint as a race car driver at the F1 Arcade
I adjusted the Vesaro simulator, started the race, and caused a six-
car
pileup on the race’s very first corner. Luckily for ...
2h
Need to lower your car insurance? Here’s how to do it
PICKING NEW CAR INSURANCE? HERE ARE 6 TYPES OF COVERAGE POLICIES. Beyond shopping around for insurance coverage, you can also ...
Newsweek
10h
Denny Hamlin Details Major Issue With Car That Marred Roval 400 - 'This Thing Was Hurt'
In the race, Hamlin's
car
suffered damage to the left rear toe link, causing misalignment and extensive handling issues. "I ...
3d
Your Car Is Spying On You And Sharing Data With Third Parties
Top car brands like Hyundai, Kia, Tesla, Ford, and Toyota are collecting various forms of personal data from their vehicles.
16h
on MSN
Suspect in shooting of co-worker at California college found dead in car after standoff
Authorities say a gunman suspected of critically wounding a co-worker in a shooting at California’s Santa Monica College took ...
19h
Should you buy a prepaid car maintenance plan?
Edmunds explains that car maintenance packages can be worth the extra cost, but only if you can get a deal that’s better than ...
16h
What Is It Like To Drive A Single-Seat Race Car?
Eager to get a taste of what it’s like to drive a Formula 1 car, I tried the closest thing you can get without a racing ...
5h
on MSN
Horror car crash closes lanes on Sydney Harbour Bridge
One lane of the Sydney Harbour Bridge is open after a crash closed lanes in both directions. There are reports of a fatality ...
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