Fuck Cars
DrunkEngineer
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3mo ago
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1 in 4 Americans Who Financed a New Car Purchase with a Trade-in Were Upside Down on Their Loan
www.edmunds.comVehicle owners who are upside down on their auto loans owe more than ever before. The average amount owed on upside-down loans climbed to a record high of $6,255 in Q2 2024, compared to $4,487 in Q2 2022.
EV owners with negative equity owe more money on their car loans than owners of ICE vehicles. The average amount owed on all EVs traded in for a new vehicle purchase with negative equity climbed to $10,326 in Q2 2024
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