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

This is the highest share Edmunds has reported in four years, meaning a growing number of people are dragging additional debt into a new car purchase, putting them at risk of being underwater on their ...

What to do if you’re underwater on your car loan

Being underwater on a car loan isn’t catastrophic, but it does require discipline to escape. The first step is prevention: ...

1 in 4 new car trade-ins are ‘underwater,’ marking a 4-year high — here’s how to avoid drowning in auto loans

Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or ...
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Do You Owe More Than Your Car's Resale Value? What To Know Before Accepting A Trade-In Offer

Being upside-down is generally never a good thing. In the case of a car loan, it means you owe more than the value of your ride. This situation isn't unusual if you financed with a high-interest loan.

The Pros And Cons Of Trading In Your Car

Are you ready to upgrade to a new car? Before going to the dealership, you should consider the pros and cons of trading in ...

I Owe $30,000 on My Car Worth Only $20,000 – How Can I Escape This Financial Mess?

One of the most aggravating aspects of buying a new car is that almost immediately after you drive it off a dealer’s lot, its value drops. There is virtually no exception to this, no matter the brand ...
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I Owe $30,000 on My Car Worth Only $20,000 – How Can I Escape This Financial Mess?

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the most aggravating aspects of buying a new car ...