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Edmunds drops some ELECTRIFYING new info !! More than 1/5th (22%) of car proprietors with unfavorable equity were undersea by more than $10k! Ray and Zach analyze the new Edmunds information in addition to our very own Negative Equity Report and review what led us to this point, how bad points have actually gotten, who’s responsible, and what can be done regarding it.
Edmunds Data:
⮕ https://www.edmunds.com/industry/press/negative-equity-on-the-rise-the-average-amount-owed-on-upside-down-car-loans-hit-an-all-time-high-in-q3-2024-according-to-edmunds.html
CarEdge/Black Book Negative Equity Report:
⮕ https://caredge.com/equityreport
Don’t have time to read the full record? Look into Justin’s short article for a cool recap:
⮕ https://caredge.com/guides/caredge-black-book-negative-equity-report-q3-2024
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