ilmscore | Prediction Details
"for people buying used cars they won't be able to refinance or trade in because they're upside down on their cars because they bought in 2020 or 2021 so they also paid more for their cars than their worth so they just can't refinance or get anything out of it which means the only thing they can really do is just walk away"
By Andrei Jikh | October 28, 2022 | Pending
From video
Why Dealerships Are NOT Lowering Prices | USED CAR BUBBLE 00:14:38 - 00:14:55
Interpreted Prediction
Consumers who bought used cars in 2020 or 2021 will be unable to refinance or trade them in because they are 'upside down' on the loans, meaning they owe more than the car is worth. The only option may be to walk away.

Prediction Details

Topic
Auto Loan Refinancing

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