The average new car loan has a term of 68.48 months, according to the credit rating agency Experian – nearly six years of being married to your new ride. And that's just the average. Nowadays, ...
Keep or trade your 7-year-old car? Use the 7.6-year benchmark, a $3,000 repair threshold, and 150,000 miles to nail your 2025 ...
New cars can lose over 20% of their original value in just a year due to depreciation. Five years into ownership, a new car can lose 60% of its original value. Well-maintained vehicles have the best ...
(iSeeCars) – You’re about to start the car buying process. Which likely means you’re asking yourself that eternal question: What should I do with my used car? Sell it, or trade it in? There are ...
When purchasing a new or used car, savvy buyers take steps to get the best possible price for their desired vehicle. Presenting a trade-in car at the time of purchase is arguably the best method of ...
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'Underwater' car trade-ins are at a 4-year high: What that means when buying a new vehicle
About 26.6% of trade-ins toward new car purchases had negative equity in the second quarter of 2025, according to Edmunds. That is up from 26.1% in the first quarter of the year. Being "underwater," ...
Trading in a car can seem like the easiest way to upgrade your ride, but for some models, the dealer’s offer will feel like an insult. In 2025, several vehicles are facing such steep depreciation and ...
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