HackerNews
Borrowers Are Going Underwater on Car Loans
Borrowers Are Going Underwater on Car Loans
WSJ
A $45,000 Loan for a $27,000 Ride: More Borrowers Are Going Underwater on Car Loans
Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon can leave owners trapped.