Many car buyers 'upside down' on loans
By Eileen Alt Powell NEW YORK — A growing number of new car buyers are finding they owe more on their existing car loans than the vehicles are worth as trade-ins. The phenomenon, known as being "upside down" on a loan, is the result of a confluence of changes in the ways Americans buy and

Publication: Oakland Tribune

UPSIDE DOWN\ MORE CONSUMERS GETTING INTO TROUBLE WITH CAR LOANS.(MoneyWise)
Byline: Eileen Alt Powell Associated Press A growing number of new car buyers are finding they owe more on their existing car loans than the vehicles are worth as trade-ins. The phenomenon, known as being upside down on a loan, is the result of a confluence of changes in the ways Americans buy and

Publication: The Cincinnati Post (Cincinnati, OH)

KELLEY STUDY WARNS OF "UPSIDE DOWN' LOANS; PROPORTION OF BORROWERS WHO OWE MORE THAN THE CAR IS WORTH IS GROWING.(Business)
Byline: Kenn Peters Staff writer Up to 30 percent of consumers who have car loans are upside down -- they owe more than their cars are worth. The situation is likely to get worse as vehicles become more expensive, loan terms get longer and people continue to trade their vehicles before the loans

Publication: The Post-Standard (Syracuse, NY)

Many Buyers 'Upside Down' on Car Loans
EILEEN ALT POWELL, AP Business Writer AP Online 03-30-2005 Dateline: NEW YORK A growing number of new car buyers are finding they owe more on their existing car loans than the vehicles are worth as trade-ins. The phenomenon, known as being "'upside down" on a loan, is the result of a confluence of

Publication: AP Online

Being 'Upside Down' and Other Car Loans
STEVE INSKEEP NPR Morning Edition 05-01-2008 Being 'Upside Down' and Other Car Loans Host: STEVE INSKEEP Time 11:00-12:00 PM Play Audio STEVE INSKEEP, host: Americans swimming in debt are walking away from houses, and some are also having to give back the car keys. Auto loan delinquency is on the

Publication: NPR Morning Edition

Car Loans Can Flip Finances Upside Down
To this day, I'm amazed at how my grandmother, who never earned much money, could manage to pay off her auto loans early -- sometimes in half the usual four-year term. In fact, my grandmother once paid off a loan so early that the lender called and accused her of falling behind on her payments.

Publication: The Washington Post