Part 6/8:
The conversation shifts to negative equity—a perennial issue for many car buyers. The guests reflect that while negative equity remains a concern, particularly for those who purchased vehicles during the pandemic at inflated prices, the trend appears to be stabilizing as these consumers either pay off their loans or trade in their vehicles. Jim mentions that lenders have recently begun to offer support for customers grappling with negative equity, assisting them in rolling balances into new loans.