Analysts with Edmunds found more than 1 in 5 vehicle trade-ins with negative equity are underwater by $10,000 or more.
This is known as negative equity or being “upside down” on a vehicle. For example, if a car has a trade-in value of $10,000, but the owner still owes $14,000, the negative equity is $4,000.
Upside-down car loans aren't necessarily dire on their own, but a growing number of consumers being underwater is another indication of pressure on American consumers. DETROIT — A growing number ...