Unless you find yourself somehow living through a biblical plague, fish don’t normally fly. At least, that’s what a couple in Atlantic Highlands, N.J., thought until their Tesla was damaged by a falling fish outside their home. The Tesla was parked in their driveway when the falling fish was caught on camera. The owners, Cynthia and Jeff Levine, said they… Read More
Key Takeaways Used car prices have increased 48% since 2019, with popular models like the RAM 1500 and Toyota Corolla seeing increases of more than 50%. Interest rates on used car loans have also increased by more than 50% over the past two years, increasing the financial burden on auto loan holders. Source: www.hotcars.com
Customers who buy cars now are at risk of defaulting on their car loans, analysts warn. As car values fall, financing costs are rising. “What we’re seeing is just the tip of the negative equity iceberg,” said Edmunds analyst Ivan Drury. If you recently took out a loan to purchase a car, Source: www.usatoday.com
Written by Michael Cantu Edmunds In recent years, conditions have been tough for used car buyers due to soaring prices, declining inventories, and rising interest rates. It’s safe to say that the market is disappointing when compared to what people typically expect to pay when buying second-hand goods. But it seems… Source: businessjournaldaily.com