Rising Financing Costs And Falling Values put Buyers At Risk Of Flipping Their Auto Loans Upside Down
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