Contributing factors include depreciation, lower finance charges, reduced fuel prices, and a shift toward more affordable vehicle options.
Posts tagged as “vehicle prices”
The average amount owed on upside-down auto loans remains historically high at $6,754 with more than 1 in 4 trade-ins having negative equity in Q2.
The sharp increase from 2022 when the average yearly cost was only $10,728, or $894 monthly, is likely due to three factors.
