Post

Drivers could see used cars worth much less as sky-high prices fade

Downvote
freep.com/story/money/personal-finance/susan-tompor/2023/06/20/used-car-value-negative-equity-economic-slowdown/70314083007

Drivers who took on auto loans at high interest rates and paid sky-high prices for cars could face some headaches down the road as car values pull back in an economic slowdown.
The car you're looking to trade in — particularly if you bought a used car — could be worth far less than you'd imagine. And lenders are growing more concerned about people falling behind in their car…

This story from freep.com was posted on 2023-06-21 by @coralca.

Comments

The Entire Business World on a Single Page. Free to Use →