Many Americans are underwater on their car trade-ins and a growing number now owe record amounts. Should you be waiting to buy?

With so many drivers owing more on their auto loans than what their car is actually worth, prospective buyers should consider their options ...
Guessing Headlights on MSN

Nearly 1 in 3 Americans are underwater on their car loans—and the hole just got deeper

New data shows nearly 30% of car trade-ins are "underwater," with owners owing a record $7,214 more than their vehicle's ...
CNBC

Underwater car trade-ins are on the rise — and drivers owe a record amount, Edmunds finds

In the fourth quarter of 2025, 29.3% of trade-ins toward new car purchases had negative equity, according to new data from car website Edmunds. The average amount owed on trade-ins with negative ...
USA Today

Underwater loans hit nearly one-third of car buyers

Nearly 30% of new car buyers in late 2025 were underwater on their trade-in loans. The average amount owed on these trade-ins reached a record high of $7,214. This trend is linked to high car prices ...