Car debt piles up as more Americans owe thousands more than vehicles are worth

High car prices, rising interest rates and seven-year loans mean an increasing number of drivers are underwater, owing more than their vehicle’s value. Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their…#chrismartin #atlanta #fordexplorer #ivandrury #federalreserve #fordmotorco #generalmotorsco #kathleenengel #suffolkuniversity #petekesterson

Source: Reuters: Health - March 25, 2023 Category: Consumer Health News Source Type: news