MSN: The $3,000 Rule: When to Keep Your Car and When to Trade
Trade-ins hit 7.6 years on average in Q1 2025, the oldest since 2019. At the same time, the average vehicle age on U.S. roads is 12.8 years. That gap says plenty: people keep cars longer, but when ...
The $3,000 Rule: When to Keep Your Car and When to Trade
Motor Trend: How to Trade in a Car With Negative Equity: What You Need to Know
In How to Trade In Your Car, I talked about a young couple who traded in their old car for something newer and bigger. In that scenario, their car was paid off, so it wasn’t a problem. The value of ...
How to Trade in a Car With Negative Equity: What You Need to Know
AOL: 1 in 4 new car trade-ins are ‘underwater,’ marking a 4-year high — here’s how to avoid drowning in auto loans
A growing share of car owners are underwater on their auto loans, reports the car-buying resource Edmunds. According to a second quarter report, 26.6% of trade-ins toward new-car purchases had ...
1 in 4 new car trade-ins are ‘underwater,’ marking a 4-year high — here’s how to avoid drowning in auto loans
CNBC: Underwater car trade-ins are on the rise — and drivers owe a record amount, Edmunds finds
In the fourth quarter of 2025, 29.3% of trade-ins toward new car purchases had negative equity, according to new data from car website Edmunds. The average amount owed on trade-ins with negative ...
Underwater car trade-ins are on the rise — and drivers owe a record amount, Edmunds finds