Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what to do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.

Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what you can do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
Steel Horse Rides via MSN

Driver thought his car was repo’d — then he found it in the strangest place

The moment a driver realizes their car is gone is often defined less by anger than by disbelief. People replay the previous ...
Hébergé sur MSN

My car got repossessed. Now what?

More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession, there ...
South Florida Reporter

Are You Caught Up In The Car Repossession Crisis Inflicting Our Nation?

Losing a car to repossession is a personal financial crisis that impacts our ability to work, to take care of our basic needs ...
WCJB TV20

Rising car costs are driving a surge in repossessions

Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...
AOL

My car was repossessed after 6 months of missed payments during a hospital stay. I still owe $20,000 on a 5-year loan with 4 years left — am I responsible for the full amount?

Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...
The Daily Dot

‘Way underneath market value’: Expert exposes little-known hack for buying a car—for cheaper than at the dealership

Before the pandemic, consumers could easily find a good quality used car for $20,000. However, in 2023, those vehicles made up just 12.4% of the market, as reported by CarScoops. Compounding this ...