A rising number of car owners owe more on their car than the vehicle’s worth, termed “negative equity.” A growing share of U.S. car owners are trading in vehicles with negative equity, and the amounts owed are reaching record highs.
A rising number of car owners owe more on their car than the vehicle’s worth, termed “negative equity.” A growing share of U.S. car owners are trading in vehicles with negative equity, and the amounts owed are reaching record highs.