Part 3/9:
As car owners look to trade in vehicles purchased at high prices, they are met with disappointing valuations—often $10,000 or more below what they owe. For example, a Lincoln Navigator bought for over $123,000 might only fetch $110,000 at a dealership, leaving the owner faced with substantial negative equity. Those who thought they could finance their way out may find themselves stuck with loans that far exceed their vehicles’ market value.