Drivers who took on auto loans at high interest rates and paid sky-high prices for cars could face headaches down the road as car values pull back in an economic slowdown.
The car you’re looking to trade in – particularly if you bought a used car – could be worth far less than you’d imagine. And lenders are growing more concerned about people falling behind in their car payments, especially if that car drops significantly in value.
The outlook is most worrisome for borrowers…
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