Car-Loan Borrowers Struggle as Interest Rates Rise, Impacting Negative Equity and Vehicle Values
The pressure is particularly intense for individuals grappling with negative equity, a situation where the amount owed surpasses the current value of their cars. Car-loan borrowers are feeling the heat as interest rates rise, exacerbating the predicament for those whose vehicles have seen a decline in value Recent data from the automotive website Edmunds.com, as … Read more