10/02/2024
According to a recent report from Edmunds, nearly 1 in 4 Americans who financed a new vehicle with a trade-in during Q2 2024 were upside down on their loan, owing over $6,000 more than their car is worth. As used car values continue to normalize, many buyers are finding themselves deeper in negative equity.
Rather than digging that hole deeper with a new car, buying a used vehicle can be a smarter choice. And with Pre-Purchase Review, you’ll have the tools to make sure you’re getting a fair deal. By testing key factors like tire condition, oil health, battery, and alternator, you’ll avoid costly surprises and be in a stronger position to negotiate a better price.
Protect yourself from overpaying and adding to your loan. Let Pre-Purchase Review help you make a confident, informed decision when buying your next used car.
Source: Edmunds Q2 2024 Negative Equity Data.