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Despite predictions of doom and gloom, the economy keeps chugging along. However, warning signs continue to pop up and one of the latest is a growing number of people being underwater on their auto loans.
 
According to a study from Edmunds, 26.6% of trade-ins toward new vehicles had negative equity in the second quarter. That’s a four year high and the number is up from 23.9% a year ago.




 


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Over One Quarter Of New Car Buyers Are Dramatically Upside Down On Their Trade Ins

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