We're breaking records with negative equity once again, and it's not because everyone is trading up to a new car too soon.
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Along with more insight about how much negative equity is an industry hurdle, the latest auto finance data from Edmunds highlighted how affordability challenges triggered by stubbornly high interest ...
Imagine this: You're at the car dealership, when the finance manager drops the monthly payment bomb — $749. Yikes. With nearly 4 out of 5 new vehicles financed at an average cost of $41,983, this ...
Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report on the state of negative equity in auto lending. The CFPB says it found that financing negative equity creates ...
A new CFPB report, Negative Equity in Auto Lending, contains an analysis of data relating to the financing of negative equity in vehicle trade-ins. The report uses data collected by the CFPB in ...
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