Toyota Tundra Owners Are Rolling An Average $8,929 Into Their Next Loan
Nearly 30 percent of trade-ins carried negative equity in Q2 2026. Average underwater loan balance reached a record Q2 high of $6,884. Popular trucks and SUVs are now often trapped by expensive financing. Remember when choosing a vehicle that held its value was considered a smart financial move? Apparently that’s no longer enough. A new report shows that millions of Americans are trading in vehicles worth less than what they still owe , and the problem continues to grow. According to Edmunds’ second-quarter data, 29.6 percent of all trade-ins toward new vehicle purchases carried negative equity. Put another way, nearly three out of every 10 buyers walked into a dealership already owing more on their current vehicle than it was worth. The Debt Keeps Growing The amount of debt being rolled into new loans is climb...