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Many Americans are car poor from their auto loans. Here’s why.

Nearly 1 in 4 consumers owe more on such loans than the vehicle is worth, pushing the national average for upside-down balances to a record high north of $6,400.

USA TODAY on MSN · 23h

So you're upside down on your car loan. You're not alone.

Nearly a quarter of Americans who traded in a car for a new one was upside down on their loan, Edmunds says. The amount some owe is "alarming."

NBC News on MSN · 1d

American consumers are increasingly underwater on their car loans

A growing number of Americans with auto loans owe more than their vehicles are worth, according to a report Tuesday from Edmunds.com.

Yahoo · 1d

Americans increasingly underwater on car loans: Edmunds

More than 1 in 5 consumers who were underwater owed more than $10,000 — a data point analysts called "alarming."

Benzinga on MSN · 13h

Americans Owe More Than Their Car Is Worth As 'Upside-Down' Loans Are On The Rise

A growing number of U.S. consumers owe more on their auto loans than their vehicles are worth, according to Edmunds.com. The average negative equity in auto loans increased during the third quarter of 2023 compared to the previous quarter and the same period a year earlier.

3 ways to get cheap car insurance for senior drivers

While senior drivers are more likely to receive high car insurance quotes, it’s still possible to secure a better deal. These ...

21h

Your car's low tire pressure light may come on this week. Here's why, and what to do.

Cold weather could lead to a surprise when you start your car in the morning: The colder weather can trigger a warning light ...

The Verge16h

My very brief stint as a race car driver at the F1 Arcade

I adjusted the Vesaro simulator, started the race, and caused a six-car pileup on the race’s very first corner. Luckily for ...

Need to lower your car insurance? Here’s how to do it

PICKING NEW CAR INSURANCE? HERE ARE 6 TYPES OF COVERAGE POLICIES. Beyond shopping around for insurance coverage, you can also ...

Newsweek10h

Denny Hamlin Details Major Issue With Car That Marred Roval 400 - 'This Thing Was Hurt'

In the race, Hamlin's car suffered damage to the left rear toe link, causing misalignment and extensive handling issues. "I ...

Your Car Is Spying On You And Sharing Data With Third Parties

Top car brands like Hyundai, Kia, Tesla, Ford, and Toyota are collecting various forms of personal data from their vehicles.

MLive21h

Car hits 27-year-old woman crossing Ann Arbor street

ANN ARBOR, MI -- A 27-year-old woman was injured last week when a car hit her while she was in an Ann Arbor crosswalk. A 55 ...

16hon MSN

Suspect in shooting of co-worker at California college found dead in car after standoff

Authorities say a gunman suspected of critically wounding a co-worker in a shooting at California’s Santa Monica College took ...

16h

What Is It Like To Drive A Single-Seat Race Car?

Eager to get a taste of what it’s like to drive a Formula 1 car, I tried the closest thing you can get without a racing ...

13hon MSN

Firefighters battling car fire on I-25 north of Pueblo

Firefighters are working to extinguish a car fire before it can jump to surrounding grass along the interstate Wednesday ...

18h

Should you buy a prepaid car maintenance plan?

Edmunds explains that car maintenance packages can be worth the extra cost, but only if you can get a deal that’s better than ...

9hon MSN

Apple reportedly worked with a Chinese automaker to develop a battery for its now-canceled car

Apple reportedly teamed up with a Chinese automaker to develop a battery for its car, which ultimately never saw the light of ...

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