by scott_jr
- Used car loan-to-value ratios increased to 125 in the first three months of this year from 104 for the same period in 2021
- Negative equity, or the amount that debt exceeds a vehicle’s value, has ballooned in recent years, with some consumers stepping into car dealerships $10,000 underwater.
- Vehicle values are expected to decline further, according to a report. That’s a red flag for lenders.
Source:
https://finance.yahoo.com/news/more-americans-getting-auto-loans-120000916.html