"Rolling Debt: Auto Industry's Hidden Trap Leaves Consumers Struggling with Crushing Negative Equity. A growing trend in the auto industry is putting consumers in a precarious financial situation, as dealers and lenders increasingly allow buyers to roll over large negative equity balances into new loans. These balances, often exceeding $7,000, can quickly spiral out of control, leaving drivers stuck with debt that's difficult to shake. As the industry's reliance on these practices grows, concerns are mounting about the potential consequences for consumers and the broader economy."
The auto industry is creating its own customer crisis: By enabling consumers to roll larger and larger negative equity balances into new loans — often reaching more than $7,000 — dealers and lenders ...
