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subprime borrowers
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- 1More US car owners fall underwater on auto loans●Here’s another good article on the # subprime problem facing US car loans today. Car owners are increasingly underwater
A growing number of American car owners owe more on their vehicles than the cars are worth, a sign of stress in the subprime auto loan market. Some borrowers are responding by keeping their cars longer, while others are rolling negative equity into new loans, deepening their debt. Commenters point to the practice as a warning about loose lending standards in the US car market.