Did you overpay for your car during COVID with credit and find out when you went to trade it in you now owe more than it’s worth? That’s a problem that many have, it’s called being underwater on the loan or negative equity. Car dealers who ripped people off without mercy are now suffering too since the customers they did it to now can’t get a new loan since lenders are reluctant to roll negative equity into a new loan and customers don’t want to pay off 2 cars while only having one. Dealers wanted immediate profit but lost a nice chunk of the customers.