American Car Debt Is Piling Up. Tips to Avoid Being UnderwaterAmerican Car Debt Is Piling Up. Tips to Avoid Being UnderwaterAmerican Car Debt Is Piling Up. Tips to Avoid Being Underwater 

Gemini / GoogleWith new car prices averaging close to $50,000, more buyers than ever are going deeper into debt to finance vehicle purchases. Almost 30% of recent new car buyers were underwater on loans for their trade-ins, meaning they still owed more on their old cars than they were worth at the time, according to new data recently released by Edmunds. Edmunds said the average amount of negative equity…