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Friday, July 26, 2024

A growing number of car buyers have loans worth more than their vehicles — and experts are worried about a surge of delinquencies

Like a lot of other things in the US, car loans are getting more expensive. So much so, that some drivers have debt on their cars that far exceeds the value of the car itself. When that happens, the car owner has what’s called negative equity, or, in other words, they’re upside down on the loan. The …

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