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 ...

Americans are falling behind on car loans. Here's how to catch up.

The rise in negative equity comes as more Americans are falling behind on car payments. Nearly 6.5% of subprime auto loans, ...

1 in 4 new car trade-ins are ‘underwater,’ marking a 4-year high — 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 ...

IRS gives details on what lenders need to do for 2025 new car loan interest tax deduction

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...
Texas Standard

Warning sign? 1.7 million vehicles were repossessed last year

So the car loan delinquencies that we’re seeing are really alarming in themselves. 1.7 million cars were repossessed last ...

New car down payments hit 4-year low as buyers struggle with affordability challenges

Down payments for new vehicles dropped to a nearly four-year low, but car shoppers still struggle with affordability as high ...

Why are buyers opting for longer car loans despite rising car prices and interest costs?

New car prices have never been higher. The estimated average selling price in September was $50,080, according to Kelley Blue ...

Are car loan delinquencies a sign of a struggling economy?

YES: Young and old cannot afford cash outlays to buy a car, used or new. And they certainly cannot afford a house at these ...
Autoblog

Experts Sound Alarm as Americans Owe More Than $1.6 Trillion on Auto Loans

A new report warns that the current lending situation can be a repeat of conditions not seen since the 2008 financial crisis. Whether you’ve spent way too much time browsing the inventory on your ...
Journal of Accountancy

IRS offers relief on car loan interest reporting under H.R. 1

The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan interest reporting requirements added by H.R. 1.