'Underwater' car trade-ins are at a 4-year high: What that means when buying a new vehicle

Why did the Fed cut interest rates today? How will the Fed rate cut affect mortgage rates? What caused Meta’s stock to react after AI glasses launch? Why is Ben & Jerry’s co-founder leaving the company? How did China’s Nvidia chip ban impact tech stocks? What led to Cracker Barrel’s expected drop in restaurant traffic? Why was Jimmy Kimmel’s show pulled from ABC?

'Underwater' car trade-ins are at a 4-year high: What that means when buying a new vehicle

cnbc.com/2025/09/14/underwater-car-trade-ins-are-at-a-4-year-high-what-that-means-when-buying-a-new-vehicle.html

More drivers across the country are "underwater" or "upside down" on their auto loans — meaning they owe more money than the car is worth. That's costing them when it comes time to buy a new car.
About 26.6% of trade-ins toward new car purchases had negative equity in the second quarter…

This story appeared on cnbc.com, 2025-09-14 21:11:21.