Wed. May 8th, 2024
Car Dealers & Banks SCREWED Buyers, Now They're Paying The Price

Edmunds Article:
https://www.edmunds.com/industry/press/negative-equity-on-vehicle-trade-ins-pick-up-steam-as-used-car-values-dwindle-according-to-edmunds-q4-used-vehicle-report.html

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Watch out for the tsunami! Ray and Zach dive into some disturbing news from Edmunds: the amount of trade-ins with negative equity is increasing, and the average amount of money owed on these vehicles is also on the rise. Dealers are taking advantage with predatory "Upside-Down Payoff Sales Events." What a mess!

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