Because it might signal the beginning of a crisis, it signals that car are treated a lot like house were in the last financial crisis, under water means negative equity.
Lenders are willing to make the underwater loans, often charge with high interest rates. Many of the loans are bundled into bonds and snapped up by Wall Street investors therefore having supposedly a broader effect.
Lenders are willing to make the underwater loans, often charge with high interest rates. Many of the loans are bundled into bonds and snapped up by Wall Street investors therefore having supposedly a broader effect.